Business, 27.06.2020 20:01 kevenluna10oytivm
g "(Calculating expected revenues) The owner of the Petreno Pharmaceutical Company is evaluating the expected annual sales for a new line of facial care products and estimates that there is a 68 percent chance that the product line will be extremely successful, in which case it will generate sales next year of 7.7 million. However, since the new product line has a unique appeal that will require substantial advertising by its manufacturer to gain consumer acceptance, there is a 32 percent chance that revenues for next year will be a modest 1.1 million. What is the expected level of revenues for the new product line?"
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