The Alliance Corp. expects to sell the following number of units of copper cables at the...
The Alliance Corp. expects to sell the following number of units
of copper cables at the prices indicated, under three different
scenarios in the economy. The probability of each outcome is
indicated.
| Outcome | Probability | Units | Price | |
| A | 0.20 | 205 | $ | 16 |
| B | 0.60 | 330 | 31 | |
| C | 0.20 | 430 | 41 | |
What is the expected value of the total sales projection?
Homework Answers
Sales Projection = Probability of Outcome A * Units * Price + Probability of Outcome A * Units * Price + Probability of Outcome A * Units * Price
= 0.20 * 205 * 16 + 0.60 * 330 * 31 + 0.20 * 430 * 41
= $10,320
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