Question: QUESTION 5 A company sells its products to wholesalers in batches of 10 units only. The daily demand for its product and the respective

QUESTION 5 A company sells its products to wholesalers in batches of

QUESTION 5 A company sells its products to wholesalers in batches of 10 units only. The daily demand for its product and the respective probabilities are given below. Demand (Units) Probability 10 30 .2 .2 .3 .2 Assume that the company sells its product at $3.75 per unit. What is the variance of the daily revenue? NOTE: Write your answer using 4 decimal digits. Do not round up or down.

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