A sales manager has used the probabilistic budget to, Finance Basics

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A sales manager has used the probabilistic budget to

Question: A sales manager has used the probabilistic budget to estimate sales revenue for the coming year. This sales manager assigned the following probabilities to expected sales for the coming year:

Probability Expected Sales

40% $2,500,000

35% 3,750,000

25% 1,500,000

What will be the comany's probable sales in the coming year?

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