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Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are shown next:
Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are shown next: Possible Market Reaction Low response Moderate response High response Very high response Sales in Units 70 80 90 110 Probabilities .20 20 30 30 a. what is the expected value of unit sales for the new product? Do not round intermediate ealculations and round your answer to the nearest 11 oe nit 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 11:13 PN O Type here to search
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