This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The demand for a product varies from month to month. Based on the past year's data, the following ... (Read 96 times)

desireelg_7

  • Full Member
  • ***
  • Posts: 146
on: Mar 25, 2023

The demand for a product varies from month to month. Based on the past year's data, the following probability distribution shows MNM company's monthly demand.

 

x

f(x)

Unit Demand

Probability

       0

0.10

1,000

0.10

2,000

0.30

3,000

0.40

4,000

0.10


 

a.Determine the expected number of units demanded per month.
b.Each unit produced costs the company $8.00, and is sold for $10.00. How much will the company gain or lose in a month if they stock the expected number of units demanded, but sell 2000 units?

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by desireelg_7 on Mar 25, 2023

furthoh

  • Full Member
  • ***
  • Posts: 170
Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


desireelg_7

  • Member
  • Posts: 146
Reply 2 on: Mar 25, 2023
Thanks for the timely response, appreciate it

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
One in three survivors of Hurricane Katrina showed signs of PTSD a month after the tragedy; one in ... One in three survivors of Hurricane Katrina showed signs of PTSD a month after the tragedy; one in ...
Selective breeding of maze-bright and maze-dull strains of rats by Tryon (1934). (Data from Cooper, ... Selective breeding of maze-bright and maze-dull strains of rats by Tryon (1934). (Data from Cooper, ...
Two lymphocytes that are reactive in a 19-year-old college student with infectious mononucleosis. ... Two lymphocytes that are reactive in a 19-year-old college student with infectious mononucleosis. ...
Data Used to Analyze Productivity in Country 1 and Country 2 Data Used to Analyze Productivity in Country 1 and Country 2
To find the derivative use product rule To find the derivative use product rule
Video: A Human Karyotype Preparation Animation

For a complete list of videos, visit our video library