(Answered) Abel and kane company expects to sell the following home

Economics

Abel and Kane Company expects to sell the following home security systems at the prices listed below under three possible scenarios depicting the economy. For each estimated growth scenario the probability of its occurrence is given. Find the expected value of the total sales projection.

Outcome Probability Units Price

Little growth .30 200 $1100

Modest growth .50 320 $1200

Excellent growth .20 410 $1300

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Business Economics, Economics

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