HomeworkLib
Question

The Alliance Corp expects to sell the tollowing number of unts of copper cables at the prices indicated, under three direrent scenanos in the economy. The probability or each outcome is indicated Units Price 280 $ 31 46 56 Outcome Probablity 0.70 0.20 480 730 what is the expected value of the total sales projection? otal expected value

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Expected Sales Value = Probability Weighted Sales of different Outcomes

Expected Sales Value = 0.7*(280*31) + 0.2*(480*46) + 0.1*(730*56)

Expected Sales Value = 6076 + 4416 + 4088

Expected Sales Value = $14,580

0 0
Add a comment
Know the answer?
Add Answer to:
The Alliance Corp expects to sell the tollowing number of unts of copper cables at the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • The Alliance Corp. expects to sell the following number of units of copper cables at the...

    The Alliance Corp. expects to sell the following number of units of copper cables at the prices indicated, under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability Units 0.70 310 B 0.20 540 C 0.10 850 Price $ 37 52 62 What is the expected value of the total sales projection? Total expected value

  • The Alliance Corp. expects to sell the following number of units of copper cables at the...

    The Alliance Corp. expects to sell the following number of units of copper cables at the prices indicated, under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability Units Price A 0.20 205 $ 16 B 0.60 330 31 C 0.20 430 41 What is the expected value of the total sales projection?   

  • The Alliance Corp. expects to sell the following number of units of copper cables at the...

    The Alliance Corp. expects to sell the following number of units of copper cables at the prices indicated, under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability Units Price 0.50 270 29 0.30 460 C 0.20 690 What is the expected value of the total sales projection? Total expected value

  • The Alliance Corp. expects to sell the following number of units of copper cables at the...

    The Alliance Corp. expects to sell the following number of units of copper cables at the prices indicated, under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability Units Price A 0.30 320 $ 39 B 0.40 560 54 C 0.30 890 64 What is the expected value of the total sales projection?   

  • 1. Gibson Manufacturing Corporation expects to sell the following number of units of steel cables at...

    1. 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 Units Price A 0.70    280     $31   B 0.20    480     46 C 0.10    730     56 What is the expected value of the total sales projection? Total expected value           $    2. Sales for Ross Pro’s Sports Equipment are expected to be 41,000 units for October....

  • Bronco Truck Parts expects to sell the following number of units at the prices indicated under...

    Bronco Truck Parts expects to sell the following number of units at the prices indicated under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability А 0.10 B 0.70 с 0.20 Units 480 860 1,180 Price $ 24 32 37 ♡ What is the expected value of the total sales projection? Total expected value

  • Gibson Manufacturing Corporation expects to sell the following number of units of steel cables at the...

    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 Units Price A 0.40    240     $23   B 0.30    400     38 C 0.30    570     48 What is the expected value of the total sales projection? Total expected value           $

  • Bronco Truck Parts expects to sell the following number of units at the prices indicated under...

    Bronco Truck Parts expects to sell the following number of units at the prices indicated under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability Units Price A 0.20 500 $ 16 B 0.40 900 34 C 0.40 1,200 39 What is the expected value of the total sales projection?

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT