(Answered) Sales volumes are expected to be either 20000 units with 60

Statistics

Sales volumes are expected to be either 20000 units with 60 percent probability or they are expected to be 25000 units. Price will either be $10 (0.3 probability) or else $15. Margins are expected to be either to be 30 percent or 40 percent of sales with an even chance of each

Determine the expected total cost.

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