Problem
Annual savings in labor costs due to an automation project have a most likely value of $35,000. The high estimate of $45,000 has a probability of .1, and the low estimate of $30,000 has a probability of .2. What is the probability distribution and the expected value for the annual savings?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.