Myers Business Systems is evaluating the introduction of a new product. The possible levels of...
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Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales, and the probabilitles of their occurrence are given next: a. What is the expected value of unit sales for the new product? Note: Do not round intermedlate calculations and round your answer to the nearest whole unit. b. What is the standard deviation of unit sales? Note: Do not round Intermedlate calculations. Round your answer to 2 decimal places
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