The Widget Company has estimated the following revenue possibilities for the year:
$\begin{array} { l l }
\text { Sales } & \text { Probability } \
100 & 0.15 \
150 & 0.20 \
220 & 0.30 \
290 & 0.20 \
310 & 0.15
\end{array}$
a.Find expected revenue.
b.Find the standard deviation.
c.Find the coefficient of variation.

Question

The Widget Company has estimated the following revenue possibilities for the year:
$\begin{array} { l l } 
\text { Sales } & \text { Probability } \
100 & 0.15 \
150 & 0.20 \
220 & 0.30 \
290 & 0.20 \
310 & 0.15
\end{array}$
a.Find expected revenue.
b.Find the standard deviation.
c.Find the coefficient of variation.

Quizplus · Accepted Answer

The Answer of The Widget Company has estimated the following revenue possibilities for the year:
$\begin{array} { l l } 
\text { Sales } & \text { Probability } \
100 & 0.15 \
150 & 0.20 \
220 & 0.30 \
290 & 0.20 \
310 & 0.15
\end{array}$
a.Find expected revenue.
b.Find the standard deviation.
c.Find the coefficient of variation.

The Widget Company Has Estimated the Following Revenue Possibilities for the Year