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 Zello Creamery Company would like to develop a new product line – puddings. The expected value and standard deviation of the probability distribution of possible net present values for the product line are $12,000 and $9,000, respectively. The company’s existing lines include ice cream, cottage cheese, and yogurt. The expected values of net present value and standard deviation for these product lines are as follows:
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Order Paper Nowa. Compute the expected value and the standard deviation of the probability distribution of possible net present values for a combination consisting of the three existing products.
b. Compute the expected value and standard deviation for a combination consisting of existing products plus pudding. Compare your results in Parts (a) and (b). What can you say about the pudding line?
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