Suppose demand for a product has the following distribution seen in the following Excel screenshot
Suppose demand for a product has the following distribution seen in the following Excel screenshot Write down the exact entry that should go into cell B15 to give expected demand? The entry you give should involve no \'+\' signs.
Solution
The entry in B15 Cell is =sumproduct(A2:A12,B2:B12).
The expected demand = sum d*P(d) = 0*0.4 + 1*0.18 + ... + 10*0.001.
This can be achieved using sumproduct function as mentioned above.
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Suppose demand for a product has the following distribution seen in th.docx
1. Suppose demand for a product has the following distribution seen in the following Excel
screenshot
Suppose demand for a product has the following distribution seen in the following Excel
screenshot Write down the exact entry that should go into cell B15 to give expected demand?
The entry you give should involve no '+' signs.
Solution
The entry in B15 Cell is =sumproduct(A2:A12,B2:B12).
The expected demand = sum d*P(d) = 0*0.4 + 1*0.18 + ... + 10*0.001.
This can be achieved using sumproduct function as mentioned above.
Demand Probability
0 0.4
1 0.18
2 0.17
3 0.12
4 0.07
5 0.03
6 0.012
7 0.01
8 0.004
9 0.003
10 0.001
