The weekly demand for an item in a retail store follows a uniform distribution over the range of 50 to 100. What would be the weekly demand if its corresponding computer-generated value is 0.4?a. 60b. 70c. 75d. 80

70

Step-by-step explanation:

Given that :

Uniform range of distribution = 50 to 100

50 ≤ x ≤ 100

Difference between both values = 100 - 50 = 50

Range / difference = computer generated value

(Weekly demand - lower limit) / difference = computer generated value

(Weekly demand - 50) / 50 = 0.4

Weekly demand - 50 = 20

Weekly demand = 20 + 50

Weekly demand = 70

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