Question: I need step by step explanation and answer for the following problem attached as image: You have forecasted the following scenarios for revenue in your

I need step by step explanation and answer for the following problem attached as image:

You have forecasted the following scenarios for revenue in your company over the next month: Scenario Probability of Occurrence Expected Revenue Optimistic 50% $32 million Base Case 10% $22 million Pessimistic 40% $13 million Calculate the Expected Revenue amount for next month

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