Mathematics, 07.03.2020 06:07 laush
The demand for a product varies from month to month. Based on the past year's data, the following probability distribution shows MNMcompany's monthly demand. x F(x) xf(s)Unit Demand Probability0 0.10 0(.10) = .001000 0.10 1000(.10) = 1002000 0.30 2000(.30) = 6003000 0.40 3000(.40) = 12004000 0.10 4000(.10) = 4001.00 2300a. Determine the expected number of units demanded per month.2300b. 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 stockthe expected number of units dmanded, but sell 2000 units?2300 x 8 18400 $20,000 - $18,400 = 1600 Loss2300 x 10 230002000 x 8 160002000 x 10 20000
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The demand for a product varies from month to month. Based on the past year's data, the following pr...
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