The Alliance Corp. expects to sell the following number of units of copper cables at the prices
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Question:
The Alliance Corp. expects to sell the following number of units of copper cables at the prices indicated, under three different scenarios in the economy. The probability of each outcome is indicated.
Outcome | Probability | Units | Price | |
A | 0.20 | 205 | $ | 16 |
B | 0.60 | 330 | 31 | |
C | 0.20 | 430 | 41 | |
What is the expected value of the total sales projection?
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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