Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given next: Possible Market Reaction Low response, Moderate response, High response, Very high response; Sales in Units 35, 45, 60, 80; Probabilities 0.20, 0.20, 0.30, 0.30 A. What is the expected value of unit sales for the new product? Do not round intermediate calculations and round your answer to the nearest whole unit. B. What is the standard deviation of unit sales? Do not round intermediate calculations. Round your answer to 2 decimal places.
Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given next: Possible Market Reaction Low response, Moderate response, High response, Very high response; Sales in Units 35, 45, 60, 80; Probabilities 0.20, 0.20, 0.30, 0.30 A. What is the expected value of unit sales for the new product? Do not round intermediate calculations and round your answer to the nearest whole unit. B. What is the standard deviation of unit sales? Do not round intermediate calculations. Round your answer to 2 decimal places.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given next: Possible Market Reaction Low response, Moderate response, High response, Very high response; Sales in Units 35, 45, 60, 80; Probabilities 0.20, 0.20, 0.30, 0.30 A. What is the
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