A Company Sells Its Products to Wholesalers in Batches of 1,000

question 18

Short Answer

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?

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