# 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

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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.

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