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    Stats Problem

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    Question: The table below shows the probability distribution for the daily demand of toasters at a store.

    DEMAND PROBABILITY
    0 0.05
    1 0.1
    2 0.25
    3 0.25
    4 0.1
    5 0
    6 0.15

    Please answer the following:
    1) The expected daily demand for toasters is ___?
    2) The probability of having a daily demand of three or less toasters is ___?
    3) The probability of having a daily demand of four or more toasters is ___?

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    https://brainmass.com/statistics/probability/stats-problem-508941

    Solution Summary

    The expected daily demands for toasters are examined.

    $2.19

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