The following table presents a discrete probability distribution associated with the daily demand for a product   Number Demanded per Day (X) P(x) 10 20 30 40 50 0.08 0.24 0.28 0.30 0.10 Total 1.00     Determine the mean daily demand. What is the standard deviation of daily demand? What is the variance of daily demand? Calculate the coefficient of variation of daily demand.

A First Course in Probability (10th Edition)
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ISBN:9780134753119
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Chapter1: Combinatorial Analysis
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The following table presents a discrete probability distribution associated with the daily demand for a product

 

Number Demanded per Day (X)

P(x)

10

20

30

40

50

0.08

0.24

0.28

0.30

0.10

Total

1.00

 

 

  1. Determine the mean daily demand.
  2. What is the standard deviation of daily demand?
  3. What is the variance of daily demand?
  4. Calculate the coefficient of variation of daily demand.
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