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    Managerial Economics Foundations
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    Exam 15: Decisions Under Risk and Uncertainty
  5. Question
    Use the Following Two Probability Distributions for Sales of a Firm
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Use the Following Two Probability Distributions for Sales of a Firm

Question 22

Question 22

Multiple Choice

Use the following two probability distributions for sales of a firm to answer the following question: Use the following two probability distributions for sales of a firm to answer the following question:   The expect value of sales for Distribution 1 is _____________. A) 2,500 B) 2,758 C) 2,800 D) 3,000 E) 4,000 The expect value of sales for Distribution 1 is _____________.


A) 2,500
B) 2,758
C) 2,800
D) 3,000
E) 4,000

Correct Answer:

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