A company sells its products to wholesalers in batches of 1,000 units only. The daily demand for its product and the respective probabilities are given below. 
a.Determine the expected daily demand.
b.Assume that the company sells its product at $3.75 per unit. What is the expected daily revenue?
Definitions:
Mediating Technology
Technologies or systems that facilitate communication or interaction between individuals or groups, often making processes more efficient.
Continuous-process Production
A method of production where materials are continuously fed through the production process, resulting in a steady flow of finished products.
Mass Production
The manufacturing of large quantities of standardized products, often using assembly line technology and machinery, to achieve economies of scale.
Intensive
Involving concentrated effort or resources in a focused area to achieve certain goals or outcomes.
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