pls help

Dunno, if this is the correct ay to solve it. I just found the average using the projected sales and probabilities.

(800000*0.2) + (500000*0.5) + (350000*0.3)

= 160000 + 250000 + 105000 = 515000

Am I right?

lawalx, I really don;t know the approach to solve this but the problem seems to me very interesting. I have made some wild guess u can say -
Best Better Good
Profit : 8x10^6 5x10^6 3.5x10^6
Possibility: 50 30 20

Here the maximum possibility is for going better or the best. So from only this point, we can say that the profit should be between 8x10^6 and 5x10^6. Now this can be an approach.
Now diff between the profit and possibility are 1.5x10^6, 3x10^6 and 10, 20 - doubling the diff from the previous one. So the profit can be 6.5x10^6.
Is it so? What is the OA?
Mind it - I am making a wild guess to catch the approach. May be I am not correct!

it is actually an MBA question, so i need a sure solution. please help me out

thanx guys

pls keep tryin


where is samir n the other probability pros.............

I think the question is asking for a weighted average

i.e. .2 * 800k + .5 * 500k + .3*350k