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 | 0.70 | 280 | $ | 31 |
| B | 0.20 | 480 | 46 | |
| C | 0.10 | 730 | 56 | |
What is the expected value of the total sales projection?
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Tidy Finance With R
Authors: Christoph Scheuch, Stefan Voigt, Patrick Weiss
1st Edition
1032389346, 978-1032389349
