Find the expected number of orders and the variability

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Reference no: EM131805450

On a given day, assume that there is a 30% chance you will receive no orders, a 50% chance you will receive one order, a 15% chance of two orders, and a 5% chance of three orders.

Find the expected number of orders and the variability in the number of orders.

Reference no: EM131805450

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