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    Statistics for Business and Economics Study Set 2
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    Exam 5: Discrete Probability Distributions
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    The Probability Distribution of the Daily Demand for a Product
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The Probability Distribution of the Daily Demand for a Product

Question 39

Question 39

Essay

The probability distribution of the daily demand for a product is shown below. The probability distribution of the daily demand for a product is shown below.    a.What is the expected number of units demanded per day? b.Determine the variance and the standard deviation.
a.What is the expected number of units demanded per day?
b.Determine the variance and the standard deviation.

Correct Answer:

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a.3.05
b.v...

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