A new products sales and profits are uncertain.The
Chapter , Problem 10-10(choose chapter or problem)
A new products sales and profits are uncertain.The marketing department has predicted that salesmight be as high as 10,000 units per year with aprobability of 10%. The most likely value is7000units annually.The pessimistic value is estimated tobe 5000 units annually with a probability of 20%.Manufacturing and marketing together have esti-mated the most likely unit profit to be $32. Thepessimistic value of $24 has a probability of 0.3, andthe optimistic value of $38 has a probability of 0.2.Construct the probability distributions for sales andunit profits
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