Gibson Manufacturing Corporation expects to sell the following number of units of steel cables at...
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Gibson Manufacturing Corporation expects to sell the following number of units of steel cables at the prices indicated, under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability 0.20 Units Price $21 36 46 230 B 0.40 0.40 380 C 530 What is the expected value of the total sales projection? $ Total expected value
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