The Alliance Corp. expects to sell the following number of units of copper cables at the prices indicated, under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability Units Price A 0.50 295 $ 34 B 0.30 510 49 C 0.20 790 59 What is the expected value of the total sales projection?

Step-by-step explanation:

Given

The above data

Required

Determine the expected value E(x)

E(x) is calculated as thus;

Where f(x) represents the total sale of each outcome;

For A:

For B:

For C:

Hence, E(x):

step-by-step explanation:

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start with a line segment pq that we will copy. mark a point r that will be one endpoint of the new line segment. set the compasses' point on the point p of the line segment to be copied. adjust the compasses' width to the point q. the compasses' width is now equal to the length of the line segment pq.

step-by-step explanation: