The Quality Office Furniture Company has compiled the year's revenue expectations and their probabilities: Sales ($000) Probabilities

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The Quality Office Furniture Company has compiled the year's revenue expectations and their probabilities:
Sales ($000) Probabilities
240...........................0.05
280...........................0.10
320...........................0.70
360...........................0.10
400...........................0.05
Calculate
a. The expected revenue
b. The standard deviation
c. The coefficient of variation
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Related Book For  book-img-for-question

Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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