I cannot wrap my head around part C and how they get to that number. Please walk

Question

I cannot wrap my head around part C and how they get to that number. Please walk me through the steps of how you get there. Not the letter equations, but the actual numbers please. The expected weekly profit.

5.1.16- Questlon Hep A consu er c ectronics store stoc s íve alarm clock ra os. t has e er than tve clock rodio,,vailable at the end ora week e s orc estocks he be to thr n stock evel up to five. H week e mand gresnor n he fve unts n s ock the re loses sacs. The ra o se or S24 and costs e s ort G. T Cick the Icen to vew the data tabla Data Tatle a What is the pachad wakty damand tor the lam dock rado Tha AXpacted weekly demand i^ 3 63 Weck b. What is thc probability that westy demznd wil b greater than he numbravaible radios? The prob blit, .13 lypa an intager or a dacimal Lo not round 0.07 0.09 0.21 0.34 0.07 The expecled weekly proft i 5 22 32 Round to the nearest cent as noeded. Print Don

Explanation / Answer

a)

expected dailty demand =3.63

b)

P(expected demand greater than available radios)=P(6)+P(7)=0.07+0.06=0.13

c)

expected profit from sale of 1 radio=24-16=8

expected profit =P(demand 0)*prfit+P(demand 1)*prfit+P(demand 2)*prfit+P(demand 3)*prfit+P(demand 4)*prfit+P(demand 5)*prfit+P(demand 6)*prfit+P(demand 7)*prfit

=0.05*0+0.07*8+0.09*16+0.21*24+0.34*32+0.11*40+0.07*40+0.06*40 =27.52

d)

expected weekly profit loss =8*0.07+16*0.06=1.52

( p[lease revert for any clarification required)

x P(x) xP(x) 0 0.05 0 1 0.07 0.07 2 0.09 0.18 3 0.21 0.63 4 0.34 1.36 5 0.11 0.55 6 0.07 0.42 7 0.06 0.42 mean= total= 3.63

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