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Sales volumes are expected to be either 20,000 units with 60% probability or they are expected to be 25,000 units. Price will either be Kshs.10
Sales volumes are expected to be either 20,000 units with 60% probability or they are expected to be 25,000 units. Price will either be Kshs.10 (0.3 probability) or else Kshs.15. Margins are expected to be 30% or 40% of sales with an even chance of each.
What is the expected total cost?
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