Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit...
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Finance
Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are shown next:
Possible Market Reaction
Sales in Units
Probabilities
Low response
80
0.20
Moderate response
90
0.30
High response
110
0.10
Very high response
140
0.40
b. What is the standard deviation of unit sales? (Do not round intermediate calculations. Round your answer to2decimal places.)
Standard Deviation _____ Units
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