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

K A consumer electronics store stocks five alarm clock radios. If it has fewer than five clock radios available at the end of a week, the store restocks the item to bring the in-stock level up to five. If weekly demand is greater than the five units in stock, the store loses sales. The radio sells for $30 and costs the store $15. 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. 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.) c. What is the expected weekly profit from the sale of the alarm clock radio? (Remember: There are only five clock radios available in any week to meet demand.) The expected weekly profit is $. (Round to the nearest cent as needed.) - X Data table d. On average, how much profit is lost each week because the radio is not available when demanded? The expected weekly profit lost is $ Weekly (Round to the nearest cent as needed.) Demand Probability 0.04 0.05 0.08 0.18 YOUAWN- 0.44 0.1 0.06 0.05
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