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The Expected Value and Standard Deviation of Unit Sales

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13/1. Lowe Technology Corp. is evaluating the introduction of a new product. The possible
levels of unit sales and the probabilities of their occurrence are attached in File #1 (13.1 doc)

a. What is the expected value of unit sales for the new product?
b. What is the standard deviation of unit sales?

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The solution shows step-by-step calculations and the expected value of unit sales for the new product and the standard deviation of unit sales.

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a. What is the expected value of unit sales for the new product?
Expected unit sales = SUM ...

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