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A bakery has the following daily demand for cherry cakes and lemon cakes: Table 2: No. of cakes demanded distribution Probability No. of cakes demanded
A bakery has the following daily demand for cherry cakes and lemon cakes: Table 2: No. of cakes demanded distribution Probability No. of cakes demanded (in hundreds) Cherry Lemon 0 0.12 0.02 1 0.07 0.10 2 0.04 0.03 3 0.17 0.09 4 0.08 0.19 5 0.16 0.18 6 0.12 0.16 7 0.02 0.02 8 0.10 0.12 9 0.12 0.09 (a) What is the expected demand of cherry cakes? (b) What is the expected demand of lemon cakes? (c) What is the standard deviation of demand of cherry cakes? (d) What is the standard deviation of demand of lemon cakes? (e) Write 1-2 sentences that compare the lemon and cherry cake demand distributions based on their expected values and standard deviations
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