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Question
The probability distribution of the daily demand for a product is shown below.| Demand | Probability |
| 0 | 0.05 |
| 1 | 0.10 |
| 2 | 0.15 |
| 3 | 0.35 |
| 4 | 0.20 |
| 5 | 0.10 |
| 6 | 0.05 |
a. What is the expected number of units demanded per day?
b. Determine the variance and the standard deviation.
Answer
This answer is hidden. It contains 37 characters.
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