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.

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