Find the expected number of units demanded per day

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Reference no: EM13149971

The probability distribution of the daily demand for a product is shown below.

Demand Probability
0 0.05
1 0.10
2 0.15
3 0.35
4 0.20
5 0.10
6 0.05

a. What is the expected number of units demanded per day?
b. Determine the variance and the standard deviation.

Reference no: EM13149971

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