The demand for Carolina Industries’ product varies greatly from month to month. Based on the past two years of data, the following probability distribution shows the company’s monthly demand: Unit Demand Probability 300 0.20 400 0.30 500 0.35 600 0.15 c. What are the variance and standard deviation for the number of units demanded?

The variance is "9475" and standard deviation is "97.3396112".

Step-by-step explanation:

Let's all make the assumption that X seems to be the discrete uniformly distributed random indicating demand for units, and that f(x) has been the corresponding probability.

The expected value of the monthly demand will be:

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The variance will be:

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The standard deviation will be:

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answer: i believe it’s 245.04

step-by-step explanation:

i think there was a typo. you wrote pat brings 3 quarts of ice-cream to the party. each serving of ice-cream is 1 6 quart. how many total servings of ice-cream does pat bring to the party? i think the bold is supposed to be 1/6. so 1 quart of ice cream = 6 servings. 6 * 3 = 18.