Bronco Truck Parts expects to sell the following number of units at the prices indicated under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability Units Price A 0.40 350 $ 21 B 0.10 600 30 C 0.50 1,050 35 What is the expected value of the total sales projection?

Expected value of Total Sales projection is $23,115.

Explanation:

First of all we calculate expected sales projection by multiplying the probability with units, then multiply it to each unit price we will get the expected sales value of each outcome. Adding expected sales value of all outcomes, we will get the total expected sales value.

Outcome   Probability Units   Sales Volume   Price    Total Sales

                          P          U           V=P x U           S          TS=V x S

     A              0.40       350           140               $21        $2,940

     B              0.10        600           60                $30       $1,800

     C             0.50       1,050         525              $35       $18,375

Total                                               727                             $23,115

Expected Total Sale projection is 727 units and value is $23,115

you get a crown by getting lots of points and you get points by answering other peoples questions

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi