Question
A company serves two markets in North America and has decided to have only one warehouse for the distribution of its products to both markets.
A company serves two markets in North America and has decided to have only one warehouse for the distribution of its products to both markets. It is known that for the upcoming holiday season, demand in the first market is equal to 4 or 6 with equal probability of 1/2, whereas the demand in the second market is equal to 1 or 3 with equal probability of 1/2. Please derive the aggregate demand distribution for the two markets as well as its cumulative distribution: (Please round off and keep two decimal places, e.g., 0.345 should be rounded up to 0.35, while 0.344 should be rounded down to 0.34).
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