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Problem sales volumes are expected to be either 20000 units

Problem: 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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Basic Statistics: Problem sales volumes are expected to be either 20000 units

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