They Estimate That Units Could Be As High As 150 And As Low As 75 And The Price

They estimate that units could be as high as 150 and as low as 75 and the price cold be as high as $550 and as low as $475.  You have determined that there is a50% chance of the worst-case scenario, a 205 chance of the most likely scenario and a 30% chance of the best-case scenario.  If all operating costs of the three scenarios are the same and are $250 per unit.  What is the expected value of the gross profit of the project?

  1. 30287
  2. 32164
  3. 61498
  4. 52562
  5. 48739
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