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Assume the demand for shovels is deseribed by a continous random variable with the following density fonction Also still assume the store manager from the manofacturer at the beginning of the selling

Assume the demand for shovels is deseribed by a continous random variable with the following density fonction Also still assume the store manager from the manofacturer at the beginning of the selling season 1/125 25 3x K150 0 Otherwiss Note answers below should be accurate to 2 decimal places a) Find the probability that supply is insufficient to meet demand b) What is the expected demand? c) What is the vaztiance of the expected demand?

Apr 04 2020 View more View Less

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