Lola is in the process of forecasting the sales growth rate for an early-stage venture specializing in the production of durable running shoes. lola predicts a .2 probability of an 80% growth in sales, a .3 probability of a 60% growth in sales, a .4 probability of a 40% growth in sales, and a .1 probability of a 10% decrease in sales. what is the expected sales growth rate of the venture?

49%

Explanation:

Expected sales growth rate of the venture is the summation of the weighted growth is sales for all predictions made by Lola.

Expected sales growth rate = ∑(

Where P(i) is the probability of a given predicted growth in sales, and G(i) is the predicted growth in sales.

Expected growth in sales of the venture =

(0.2*80%) + (0.3*60%) + (0.4*40%) + (0.1*-10%)

=16%+18%+16%-1%

=49%

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the correct answer is:

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