Question: Jack Fuller believes that he has made a mistake in his sales figures for EM5 (Problem for details). He believes that the average sales are

Jack Fuller believes that he has made a mistake in his sales figures for EM5 (Problem for details). He believes that the average sales are 750 instead of 700 units. Furthermore, he estimates that 20% of the time, sales will be between 700 and 800 units. What effect will these changes have on your estimate of the amount that Jack should be willing to pay for market research?

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