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Category > Business & Finance Posted 22 Jul 2017 My Price 8.00

You are forecasting sales for a company

You are forecasting sales for a company in the fourth quarter of its fiscal year. Your low-end estimate of sales is €14 million, and your high-end estimate is €15 million. You decide to treat all outcomes for sales between these two values as equally likely, using a continuous uniform distribution.

A. What is the expected value of sales for the fourth quarter?

B. What is the probability that fourth-quarter sales will be less than or equal to €14,125,000?

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Status NEW Posted 22 Jul 2017 12:07 PM My Price 8.00

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