What is the expected value of the total sales projection

Reference no: EM13300436

Gibson Manufacturing Corp. expects to sell the following number of units of steel cables at the prices indicated under three different scenarios in the economy. The probability of each outcome is indicated. What is the expected value of the total sales projection?

Outcome Probability Units Price

A 0.20 100 $20
B 0.50 180 25
C 0.30 210 30

Reference no: EM13300436

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