Brax Technology Corporation is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given. Possible market reaction Sales in units Probabilities Low response 30 .10 Moderate response 40 .10 High response 55 .20 Very high response 65 .60 ________________________________________ (a) What is the expected value of unit sales for the new product? (Round your answer to 2 decimal places.) (b) What is the standard deviation of unit sales? (Round your final answer to 2 decimal places.) 2) Salome Builders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown below. Possible outcomes Additional sales in units Probabilities Ineffective campaign 20 .40 Normal response 110 .40 Extremely effective 140 .20 ________________________________________ (a) Compute the coefficient of variation. (Round your answer to 3 decimal places.)
Harvey Milk and Pat Robertson
August 15, 2017Sampson Apparel Incorporated incurred actual variable overhead expenses of $62,000 in the current year for the production of 10,000 units
August 15, 2017Brax Technology Corporation is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given. Possible market reaction Sales in units Probabilities Low response 30 .10 Moderate response 40 .10 High response 55 .20 Very high response 65 .60 ________________________________________ (a) What is the expected value of unit sales for the new product? (Round your answer to 2 decimal places.) (b) What is the standard deviation of unit sales? (Round your final answer to 2 decimal places.) 2) Salome Builders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown below. Possible outcomes Additional sales in units Probabilities Ineffective campaign 20 .40 Normal response 110 .40 Extremely effective 140 .20 ________________________________________ (a) Compute the coefficient of variation. (Round your answer to 3 decimal places.)
Brax Technology Corporation is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given.
Possible
market reaction Sales in units Probabilities
Low response 30 .10
Moderate response 40 .10
High response 55 .20
Very high response 65 .60
________________________________________
(a) What is the expected value of unit sales for the new product? (Round your answer to 2 decimal places.)
(b) What is the standard deviation of unit sales? (Round your final answer to 2 decimal places.)
2) Salome Builders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown below.
Possible outcomes Additional sales in units Probabilities
Ineffective campaign 20 .40
Normal response 110 .40
Extremely effective 140 .20
________________________________________
(a) Compute the coefficient of variation. (Round your answer to 3 decimal places.)
