Question: A software company has developed a new software package. The sales manager has prepared the following probability distribution describing the relative likelihood of monthly sales

A software company has developed a new software package. The sales manager has prepared the following probability distribution describing the relative likelihood of monthly sales levels and relative income (loss) for the company's new software package. Monthly Sales In Units. 10,000 20,000 30,000 40,000 Probability 2332 Income(Loss) $(4.000) 10,000 30.000 60.000 If the software company decides to market its new software package, the expected value of additional monthly income will be OA. $23,200 B. $24,000 OC. $24,800 OD. $25,000

manager has prepared the following probability distribution describing the relative likelihood of

A software company has developed a new software package. The sales manager has prepared the following probability distribution describing the relative likelihood of monthly sales levels and relative income (loss) for the company's new software package. If the software company decides to market its new software package the expected value of additional monthly income will be A. $23,200 B. $24,000 C. $24,800 D. $25,000 A software company has developed a new software package. The sales manager has prepared the following probability distribution describing the relative likelihood of monthly sales levels and relative income (loss) for the company's new software package. If the software company decides to market its new software package, the expected value of additional monthly income will be A. $23,200 B. $24,000 C. $24,800 D. $25,000

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