The YellowBelly Corporation (YBC) is trying to budget sales for its new wireless device, known by the

Question:

The YellowBelly (YBC) is trying to budget sales for its new wireless device, known by the code name SapSucker. YBC's market research has garnered the following data:
Revenues Probability
$30,000,000 ............................10%
32,000,000 .............................. 20%
34,000,000 ..............................25%
34,000,000 ..............................30%
36,000,000 ..............................10%
38,000,000 .............................. 5%
100%
Required:
(a) Calculate the expected revenue for the SapSucker.
(b) Calculate the standard deviation for the SapSucker's revenues.
(c) Provide the Director of Market Research with a 95% range of revenues for the new product. Assume a normal for revenues. Corporation
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