x
Info
x
Warning
x
Danger
 / 
 / 
 / 
A sales manager has used the probabilistic budget to estimate

Question : A sales manager has used the probabilistic budget to estimate : 1597

A sales manager has used the probabilistic budget to estimate sales revenue for the coming year. This sales manager assigned the following probabilities to expected sales for the coming year:

Probability Expected Sales

40% $2,500,000

35%   3,750,000

25%    1,500,000

What will be the comany's probable sales in the coming year?

A) $2,750,200

B) $3,125,000

C) $2,568,000

D) $2,687,500

 

Solution
5 (1 Ratings )

Solved
Statistics 11 Months Ago 196 Views
This Question has Been Answered!
Unlimited Access
Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Instant Access!
Ask an Expert
Our Experts can answer your tough homework and study questions
41256 Statistics Questions Answered!
Post a Question