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    Demand Levels

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    Suppose the marketing manager at Cooke collectible has analyzed the possible demand levels and subjectively assessed the following probabilities for the various demand levels.
    Demand level probability
    20,000 0.10
    40,000 0.30
    60,000 0.40
    80,000 0.20
    1.00
    Compute expected value

    © BrainMass Inc. brainmass.com March 4, 2021, 5:53 pm ad1c9bdddf
    https://brainmass.com/statistics/probability/demand-level-criteria-16911

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    Suppose the marketing manager at Cooke collectible has analyzed the possible demand levels and subjectively assessed the following probabilities for the various demand levels.

    $2.49

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