Lowe technology corp is evaluating the introduction of a

Question

Lowe Technology Corp is evaluating the introduction of a new product. The possible levels of unit sales and probabilities of their occurrence are given. Compute the Standard Deviation

Possible Market Reaction                          Sales in Units              Probabilities

Low Response                                               20                                .10

Moderate Response                                       40                                 .20

High Response                                              85                                 .40

Very high response                                       80                                 .30