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answer C 62.39 is wrong 46.17 is wrong a and b are correct A consumer electronics store stocks four alarm clock radios. If it has
answer C 62.39 is wrong 46.17 is wrong
a and b are correct
A consumer electronics store stocks four alarm clock radios. If it has fewer than four clock radios available at the end of a week, the store restocks the item to bring the in-stock level up to four. If weekly demand is greater than the four units in stock, the store loses sales. The radio sells for $29 and costs the store $12. 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. \begin{tabular}{cc} \hline WeeklyDemand & Probability \\ \hline 0 & 0.04 \\ 1 & 0.06 \\ 2 & 0.12 \\ 3 & 0.2 \\ 4 & 0.32 \\ 5 & 0.13 \\ 6 & 0.07 \\ 7 & 0.06 \\ \hline \end{tabular} 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 .26 . (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 four clock radios available in any week to meet demand.) The expected weekly profit is $ (Round to the nearest cent as needed.) A consumer electronics store stocks four alarm clock radios. If it has fewer than four clock radios available at the end of a week, the store restocks the item to bring the in-stock level up to four. If weekly demand is greater than the four units in stock, the store loses sales. The radio sells for $29 and costs the store $12. 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. \begin{tabular}{cc} \hline WeeklyDemand & Probability \\ \hline 0 & 0.04 \\ 1 & 0.06 \\ 2 & 0.12 \\ 3 & 0.2 \\ 4 & 0.32 \\ 5 & 0.13 \\ 6 & 0.07 \\ 7 & 0.06 \\ \hline \end{tabular} 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 .26 . (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 four clock radios available in any week to meet demand.) The expected weekly profit is $ (Round to the nearest cent as needed.)Step by Step Solution
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