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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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Solution Summary

The expected daily demands for toasters are examined.

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