Question
The Alliance Corp. expects to sell the following number of units of copper cables at the prices indicated, under three different scenarios in the economy.
The Alliance Corp. expects to sell the following number of units of copper cables at the prices indicated, under three different scenarios in the economy. The probability of each outcome is indicated.
| Outcome | Probability | Units | Price | |
| A | 0.20 | 205 | $ | 16 |
| B | 0.60 | 330 | 31 | |
| C | 0.20 | 430 | 41 | |
What is the expected value of the total sales projection?
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The Social Profit Handbook
Authors: David Grant
1st Edition
1603586040, 978-1603586047
