Question: Problem 7-14 Power Software Company Forecasts Probability of Occurrence 2% 8% 20% 40% 20% 8% 2% Sales $800 $1,000 $1,400 $2,000 $2,600 $3,000 $3,200 Calculate
| Problem 7-14 | |||||||
| Power Software Company Forecasts | |||||||
| Probability of Occurrence | |||||||
| 2% | 8% | 20% | 40% | 20% | 8% | 2% | |
| Sales | $800 | $1,000 | $1,400 | $2,000 | $2,600 | $3,000 | $3,200 |
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| Calculate and show work: | |||||||
| a) expected value, | |||||||
| b) standard deviation and | |||||||
| c) coefficient of variation of Measuring Risk Sales Revenue of PSC | |||||||
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