Harrington Health Food stocks 5 loaves of Neutro-Bread. The probability distribution for the sales of Neutro-Bread is
Question:
Harrington Health Food stocks 5 loaves of Neutro-Bread. The probability distribution for the sales of Neutro-Bread is listed in the following table. How many loaves will Harrington sell on average?
NUMBER OF LOAVES SOLD PROBABILITY
0 ........................................................................0.05
1 ........................................................................0.15
2 ........................................................................0.20
3 ........................................................................0.25
4 ........................................................................0.20
5 ........................................................................0.15
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Quantitative Analysis For Management
ISBN: 162
11th Edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna