Question: Question 1 (4 points) What is the Standard Deviation for Mica Cola if the company is in the process of forecasting the sales growth rate
Question 1 (4 points) What is the Standard Deviation for Mica Cola if the company is in the process of forecasting the sales growth rate for an early-stage venture specializing in the production of durable running shoes. Mica predicts a 0.2 probability of an 80% growth in sales, a 0.3 probability of a 60% growth in sales, a 0.4 probability of a 40 % growth in sales, and a 0.1 probability of a 10% decrease in sales. What is the expected sales growth rate of the venture? Above 40% Between 30-40% Between 20-30 % Below 20%
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