Question

2. A new product has the following demand/unit sale price characteristics: Prob. Sales Vol. (units) 30,000 45,000 50,000 75,000 0.15 0.40 0.30 0.15 Sale Unit Price $ 3.50 3.00 2.75 2.50 Prob. 0.15 0.20 0.45 0.2014 Calculate the Estimated Value (Mean) and the Standard Deviation (SD) of the gross income from the sale of this product. What is the probability that the gross income will be more than $170,000?

Answer 1

Ler t CT ANS) Sale Parice Probablly otatone Cenice s) Prab Volume auantty Porobablotal Prolal inlome) Sn Come Cauantty a) (Aveage of Pobabilty of quanlty and Estmated Value e, CVasiance lse iis in Come 30,০০০ o15 350 o5, 000 oIS ost si (৭०, 3, ०৭3-75 45,000 0.4D 135,000 300 0-3 0 0 هکهها १,५ १२,१४7-5 50 000 o-30 2.75 a45 3,500 0375 3 662,to 5 15,o0o o15 2.50 83,500 o.175 38 812.S 3৪21,4৪५,२5 0,625 538,01635 Estimated Value 9625 Veeniante # s৪৯, ০৭६४न.5 standod deviatton CVarane 2,ou6, 4249.67 Ghe proba bilty that the ghoss inCome. will be mone than 70, 000 'so

3 Probabilty n holdn the stock 3y e So Probabihly o holdng the sleck fe the Yess an be Calcolaled as lluss ProbabilyPbaty( /ly KRe lurng *Relunag * Relun, Relun, Ralng Redvsn 36 34D (og o39 halding the stock syee alaation As ollas Pbabilly KRelon Rdun Reduy X Resa, kelust Relusn e0335)(05fe) ioSt os 10 Aobabilty of olding stk syeas033 26

If you do not get anything in this solution, please put a comment and I will help you out.
Do not give a downvote instantly. It is a humble request. If you like my answer, please give an upvote.