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Sampson Corporation is evaluating the introduction of a new productThe possible levels of unit sales and the probabilities of their occurrence are shown next: Sales
Sampson Corporation is evaluating the introduction of a new productThe possible levels of unit sales and the probabilities of their occurrence are shown next: Sales in Units Possible Market Reaction Low response Moderate response High response Very high response Probabilities a What is the expected value of unit sales for the new product? Note: Do not round intermediate calculations and round your answer to the nearest whole unit Answer is complete but not entirely correct Expected value units What is the standard deviation of unit sales? Note: Do not round intermediate calculationsRound your answer to decimal places. Answer is complete but not entirely correct. Standard deviation units
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