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The Demand for a Product Varies from Month to Month

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The demand for a product varies from month to month. Based on the past year's data, the following probability distribution shows MNM company's monthly demand. The demand for a product varies from month to month. Based on the past year's data, the following probability distribution shows MNM company's monthly demand.    a.Determine the expected number of units demanded per month. b.Each unit produced costs the company $8.00, and is sold for $10.00. How much will the company gain or lose in a month if they stock the expected number of units demanded, but sell 2000 units?
a.Determine the expected number of units demanded per month.
b.Each unit produced costs the company $8.00, and is sold for $10.00. How much will the company gain or lose in a month if they stock the expected number of units demanded, but sell 2000 units?


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Authority Figures

Individuals or entities recognized for holding positions of power and influence, often within organizations, societies, or specific fields, guiding or regulating behavior and decisions.

Social Forces

The societal influences that affect individuals' behaviors, attitudes, and actions within a community or society.

Conform

The act of matching attitudes, beliefs, and behaviors to what is considered normal or acceptable in society.

Pressures

Forces that influence or urge someone to act or behave in a certain way.

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