1. The demand for a product varies from month to month. Based on
the past year's data, the following probability distribution shows
MNM company's monthly demand. Unit Demand Probability 0 0.1 1,000
0.1 2,000 0.3 3,000 0.4 4,000 0.1 a) Determine the expected number
of units demanded per month. b) What is the standard deviation of
demand? c) Each unit produced costs the company $8.00, and is sold
for $10.00. How much will the company gain or lose in a month if
they stock the expected number of units demanded, but sell 2000
units?