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# The management of the Cambridge Company has projected the sales of its products (in millions of dollars) for the upcoming year, with the associated probabilities sh...

## Question

###### The management of the Cambridge Company has projected the sales of its products (in millions of dollars) for the upcoming year, with the associated probabilities shown in the following table: $$\begin{array}{lcccccc}\hline \text { Sales } & 20 & 22 & 24 & 26 & 28 & 30 \\\hline \text { Probability } & .05 & .10 & .35 & .30 & .15 & .05 \\\hline\end{array}$$ What does the management expect the sales to be next year?

The management of the Cambridge Company has projected the sales of its products (in millions of dollars) for the upcoming year, with the associated probabilities shown in the following table: $$\begin{array}{lcccccc}\hline \text { Sales } & 20 & 22 & 24 & 26 & 28 & 30 \\\hline \text { Probability } & .05 & .10 & .35 & .30 & .15 & .05 \\\hline\end{array}$$ What does the management expect the sales to be next year?

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