New instrument for blood testing


Marketing estimates that a new instrument for blood testing will be very successful, moderately successful, or unsuccessful, with probabilities 0.3, 0.6, and 0.1, respectively. The yearly revenue associated with each outcome respectively are: $10 million, $5 million, $1 million. Find the expected revenue.

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Basic Statistics: New instrument for blood testing
Reference No:- TGS0851177

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