Question: Problem 1 3 - 3 ( Algo ) Expected value and standard deviation [ LO 1 3 - 1 ] Sampson Corporation is evaluating the

Problem 13-3(Algo) Expected value and standard deviation [LO13-1]
Sampson Corporation is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are shown next:
\table[[Possible Market Reaction,Sales in Units,],[Low response,60,Probabilities],[Moderate response,80,0.10],[High response,110,0.30],[Very high response,150,0.50],[,,0.10]]
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.)
\table[[Expected value,]]
b. What is the standard deviation of unit sales?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
\table[[Standard deviation,]]
 Problem 13-3(Algo) Expected value and standard deviation [LO13-1] Sampson Corporation is

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