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Question 4 (a=4, b= 4, total= 8 points): Below is a 50-day sample data collected about daily demand for an expensive product. Question 5 (a=
Question 4 (a=4, b= 4, total= 8 points): Below is a 50-day sample data collected about daily demand for an expensive product. Question 5 (a= 8 nnint If Y 0 OTONOTO 1 0 0 1 0 1 2 0 0 1 booo 0 0 2 0 1 0 1 0 1 -30 OTO 0 0 0 0 0 1 0 1 1 0 0 1 0 1 2 a) From the sample, determine the mean and variance of the daily demand. b) What probability distribution would best fit the demand data? Please support your answer with explanations.
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