Question: Please solve step by step and mention steps in detail Q.2. Post Covid-19 Indian economy scenario forecast made by MoodIsIndia for the next financial year

Please solve step by step and mention steps in detail

Please solve step by step and mention steps in detail Q.2. Post

Q.2. Post Covid-19 Indian economy scenario forecast made by MoodIsIndia for the next financial year is as follows- Recession (10%), Slow Growth (30%), Moderate Growth (40%), and Fast growth (20%). The percentages indicated in the brackets are probability estimates of the forecasts. The business development group of a transport vehicle manufacturer has used forecasts of MoodisIndia to forecast sales of its own vehicles. The forecast of sales of trucks and vans for each economy scenario is as follows- [5] Sales Forecast (nos) Economy scenario Trucks Vans Recession 5000 20000 Slow growth 20000 30000 Moderate growth 40000 60000 Fast growth 50000 90000 (a) What are the expected sales of Trucks and of Vans? Show all calculations. ( b ) If profit from each Truck is Rs 10K and profit from each Van is Rs 8K, what is the total expected profit for next year. Show all calculations. (c) What is variance of Truck sales? Show all calculations

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