Which of the following statements is incorrect? (Points : 4)

a. forecasting sales is the first step in creating projected financial statements b. financial forecasting tends to be more accurate for mature ventures than for early-stage ventures c. forecasting is relatively unimportant for early-stage ventures with little historical financial data d. a and b e.a and c

Lola is in the process of forecasting the sales growth rate for an early-stage venture specializing in the production of durable running shoes. Lola predicts a .2 probability of an 80% growth in sales, a .3 probability of a 60% growth in sales, a .4 probability of a 40% growth in sales, and a .1 probability of a 10% decrease in sales. What is the expected sales growth rate of the venture? (Points : 4)

a. 47% b.49% c. 51% d.53%

What is the Standard Deviation for Lola in the previous problem? (Points : 4)

a.Above 40% b.Between 30-40% c. Between 20-30% d.Below 20%