Asked by Steve
I believe over the next year I am going to sell 250,000 units. However, there is a 15% chance I will only sell 120,000 and 5% chance that I will only sell 40,000 units. What equation should I use to determine my demand?
Answers
Answered by
drwls
0.8 x 250,000 + 0.15 x 120,000 + 0.05 x 40,000 = 220,000
This assumes that there is still an 80% chance that you will sell 250,000.
This assumes that there is still an 80% chance that you will sell 250,000.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.