The probability distribution of the daily demand for a product is shown below.
$$\begin{array} { c c }
\text { Demand } & \text { Probability } \
0 & 0.05 \
1 & 0.10 \
2 & 0.15 \
3 & 0.35 \
4 & 0.20 \
5 & 0.10 \
6 & 005
\end{array}$$
a. What is the expected number of units demanded per day?
b. Determine the variance and the standard deviation.

Question

The probability distribution of the daily demand for a product is shown below.
 $$\begin{array} { c c } 
\text { Demand } & \text { Probability } \
0 & 0.05 \
1 & 0.10 \
2 & 0.15 \
3 & 0.35 \
4 & 0.20 \
5 & 0.10 \
6 & 005
\end{array}$$ 
a. What is the expected number of units demanded per day?
b. Determine the variance and the standard deviation.

Quizplus · Accepted Answer

The Answer of The probability distribution of the daily demand for a product is shown below.
 $$\begin{array} { c c } 
\text { Demand } & \text { Probability } \
0 & 0.05 \
1 & 0.10 \
2 & 0.15 \
3 & 0.35 \
4 & 0.20 \
5 & 0.10 \
6 & 005
\end{array}$$ 
a. What is the expected number of units demanded per day?
b. Determine the variance and the standard deviation.

The Probability Distribution of the Daily Demand for a Product