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Author Question: A company sells its products to wholesalers in batches of 1,000 units only. The daily demand for its ... (Read 90 times)

meganh99

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on: Mar 25, 2023

A company sells its products to wholesalers in batches of 1,000 units only. The daily demand for its product and the respective probabilities are given below.

 

Demand (Units)

Probability

       0

0.2

1000

0.2

2000

0.3

3000

0.2

4000

0.1


 

a.Determine the expected daily demand.
b.Assume that the company sells its product at $3.75 per unit. What is the expected daily revenue?

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by meganh99 on Mar 25, 2023

senorfranco

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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.
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meganh99

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Reply 2 on: Mar 25, 2023
YES! Correct, THANKS for helping me on my review

nothere

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Reply 3 on: Yesterday
Excellent

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