Question: Suppose the demand D has p.m.f. P{D = 12} = 3/6, P{D = 18} = 2/6, and P{D = 24} = 1/6. (a) Compute the

Suppose the demand D has p.m.f. P{D = 12} = 3/6, P{D = 18} = 2/6, and P{D = 24} = 1/6. (a) Compute the expected demand. (b) Compute the variance of D. (c) What is the expected number of lost sales if there were 16 items initially in stock?

(30 points) Suppose the demand D has p.m.f. P{D = 12} = 3/6, P{D = 18} = 2/6, and P{D = 24) = 1/6. (a) Compute the expected demand. (b) Compute the variance of D. (c) What is the expected number of lost sales if there were 16 items initially in stock

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