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Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales and the abilities of their occurrence are given Market

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Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales and the abilities of their occurrence are given Market Reaction Low response Moderate response High response Very high response in Units Probabilities 50 100 110 30 40 10 20 12 a. What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.) Expected value units b. What is the standard deviation of unit sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Standard deviation units References eBook & Resources

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