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Johnson Software Has Developed a New Software Package

Question 7

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Johnson Software has developed a new software package. Johnson's sales manager has prepared the following probability distribution describing the relative likelihood of monthly sales levels and relative income (loss) for the company's new software package.
 Johnson Software has developed a new software package. Johnson's sales manager has prepared the following probability distribution describing the relative likelihood of monthly sales levels and relative income (loss)  for the company's new software package.   If Johnson decides to market its new software package, the expected value of additional monthly income will be: A)  $23,200 B)  $24,000 C)  $24,800 D)  $25,000 If Johnson decides to market its new software package, the expected value of additional monthly income will be:


A) $23,200
B) $24,000
C) $24,800
D) $25,000

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