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

Question

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

Quizplus · Accepted Answer

The Answer of  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

Johnson Software Has Developed a New Software Package