A consumer electronics store stocks five alarm clock radios. If it has fewer than five clock radios available at the end of a week, the store restocks the item to bring the in-stock level up to five. If weekly demand is greater than the five units in stock, the store loses sales. The radio sells for $24 and costs the store $13. The manager estimates that the probability distribution of weekly demand for the radio is as shown in the provided data table. Complete parts a through d below. ERB Click the icon to view the data table. a. What is the expected weekly demand for the alarm clock radio? The expected weekly demand is (Type an integer or a decimal. Do not round.) b. What is the probability that weekly demand will be greater than the number of available radios? The probability is (Type an integer or a decimal. Do not round.) c. What is the expected weekly profit from the sale of the alarm clock radio? (Remember: There are only five clock radios available in any week to meet demand.) The expected weekly profit is $7. (Round to the nearest cent as needed.) d. On average, how much profit is lost each week because the radio is not available when demanded? The expected weekly profit lost is $ (Round to the nearest cent as needed.) ? Enter your answer in each of the answer boxes Save for Later Fo 20 F3 0 1. esc A 0 9 & 7 8 % 5 # 3 $ 4 6 2 1 O Y T E R O A consumer electronics store stocks five alarm clock radios. If it has fewer than five clock radios available at the end of a week, the store restocks the item to bring the in-stock level up to five. If weekly demand is greater than the five units in stock, the store loses sales. The radio sells for $24 and costs the store $13. The manager estimates that the probability distribution of weekly demand for the radio is as shown in the provided data table. Complete parts a through d below. Click the icon to view the data table. X Data Table a. What is the expected weekly demand for the alarm clock radio? The expected weekly demand is (Type an integer or a decimal. Do not round.) b. What is the probability that weekly demand will be greater than the num The probability is (Type an integer or a decimal. Do not round.) c. What is the expected weekly profit from the sale of the alarm clockradid The expected weekly profit is $ (Round to the nearest cant as needed. d. On average, how much profit is lost each week because the radio is not The expected weekly profit lost is $ (Round to the nearest cent as needed.) Weekly Demand Probability 0 0.06 1 0.08 2 0.11 3 0.19 4 0.29 5 0.13 6 0.08 7 0.06 to meet demand.) Print Done Enter your answer in each of the answer boxes. Save for Later V FB FS PO ASA DO FA F2 de pe esc A & 9 0 8 % 5 # 3 $ 4 6 7 2 OP U Y R E w Q tab us L H
