Question: A consumer electronics store stocks four alarm clock radios. If it has fewer than four clock radios available at the end of a week, the

A consumer electronics store stocks four alarm clock radios. If it has fewer than four clock radios available at the end of a week, the store restocks the item to bring the in-stock level up to four. If weekly demand is greater than the four units in stock, the store loses sales. The radio sells for $23 and costs the store $17. The manager estimates that the probability distribution of weekly demand for the radio is as shown in the provided data table. Complete parts a through d below. g Click the icon to view the data table. a. What is the expected weekly demand for the alarm clock radio? The expected weekly demand is -. (Type an integer or a decimal. Do not round.) b. What is the probability that weekly demand will be greater than the number of available radios? The probability is -. (Type an integer or a decimal. Do not round.) 0. What is the expected weekly prot from the sale of the alarm clock radio? (Remember: There are only four clock radios available in any week to meet demand.) The expected weekly prot is $D. (Round to the nearest cent as needed.) d. On average, how much prot is lost each week because the radio is not available when demanded? The expected weekly prot lost is $D. (Round to the nearest cent as needed.) Data Table Weekly Ct. Demand Probability 0.05 0.07 0.08 0.22 0.37 0.11 0.06 0.04
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