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Question: do the following problems 1 the demand for a product...

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Do the following problems: 1. The demand for a product of Carolina Industries varies greatly from month to month. Based on the past two years of data, the following shows the monthly demand at Carolina Industries. Unit Demand 300 400 500 600 Months 4 a. If the company places monthly orders equal to the expected value of the monthly demand, what should Carolinas monthly order quantity be for this product? b. What are the variance and the standard deviation for the number of units demanded?
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