Expected value of the total sales projection

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Brampton Truck Parts expects to sell the following number of units at the prices indicated under three different scenarios in the economy. The probability of each outcome is indicated below.

Outcome

Probability

Units

Price 

A

0.40

470

$23

B

0.40

840

31

C

0.20

1,170    

36

What is the expected value of the total sales projection?

Total expected value

Reference no: EM133072889

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