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What is the standard deviation of unit sales

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Reference no: EM132960201

Problem - Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are shown next:

Possible Market Reaction Sales in Units Probabilities

Low response 80 0.40

Moderate response 90 0.10

High response 110 0.30

Very high response 130 0.20

Required -

a. What is the expected value of unit sales for the new product?

b. What is the standard deviation of unit sales?

Reference no: EM132960201

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