Question: Problem 1 3 - 2 ( Algo ) Expected value and standard deviation [ LO 1 3 - 1 ] Myers Business Systems is evaluating

Problem 13-2(Algo) Expected value and standard deviation [LO13-1]
Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their
occurrence are given next:
a. What is the expected value of unit sales for the new product?
Note: Do not round intermediate calculations and round your answer to the nearest whole unit.
Expected value
units
b. What is the standard deviation of unit sales?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Standard deviation
units
Problem 13-2(Algo) Expected value and standard deviation [LO13-1] Myers Business Systems

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