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Sampson Corp. is evaluating the introduction of a new product. The possible levels of unlt sales and the probabilities of their occurrence are shown next:
Sampson Corp. is evaluating the introduction of a new product. The possible levels of unlt sales and the probabilities of their occurrence are shown next: Ponsible Sales Market Reaction in Unita Probabilities Tow response 0.40 Moderate response Bigh response 0.10 Very high response 120 0.20 60 70 110 0.30 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 6. What is the standard deviation of unit seles? (Do not round intermediate calculations. Round your answer to 2 decimal placon.) Standard deviation
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