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Calculate the expected number of defective chips produced

Question - A computer manufacturer has determined that the number of defective chips produced daily follows the following probability distribution

x p (x) 0 0.70 1 0.12 2 0.08 3 0.06 4 0.04

a) Calculate the expected number of defective chips produced daily.

b) Calculate the standard deviation of the number of defective chips produced daily.

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Accounting Basics: Calculate the expected number of defective chips produced

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