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There is a 50% probability that the Company Z sales will be $10 million next year, a 20% probability that they will be $5million and
There is a 50% probability that the Company Z sales will be $10 million next year, a 20% probability that they will be $5million and 30% probability that there will be $3 million
i. What are the expected sales of company Z next year?
ii. What is the standard deviation of company Zs next years sales?
iii. What is the Coefficient Variation of company Zs next years sales?
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