A store wants to include cash prizes in bags of potato chips sold at the oldest branch of a popular supermarket. Any bag that is sold, regardless of whether or not it contains a prize, is immediately exchanged for another on the shelf so that the number of bags of chips offered is always the same. The foil pass is maintained with 5 pouches inside at any given time. Each of these bags will have a check with a € 3,000 prize money inside. How many bags should the company make available for sale at one time to make sure that 40% of the time, the first bag of the prize is at least the 5000 that has been sold?
A store wants to include cash prizes in bags of potato chips sold at the oldest branch of a popular supermarket. Any bag that is sold, regardless of whether or not it contains a prize, is immediately exchanged for another on the shelf so that the number of bags of chips offered is always the same. The foil pass is maintained with 5 pouches inside at any given time. Each of these bags will have a check with a € 3,000 prize money inside. How many bags should the company make available for sale at one time to make sure that 40% of the time, the first bag of the prize is at least the 5000 that has been sold?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A store wants to include cash prizes in bags of potato chips sold at the oldest branch of a popular supermarket. Any bag that is sold, regardless of whether or not it contains a prize, is immediately exchanged for another on the shelf so that the number of bags of chips offered is always the same.
The foil pass is maintained with 5 pouches inside at any given time.
Each of these bags will have a check with a € 3,000 prize money inside.
How many bags should the company make available for sale at one time to make sure that 40% of the time, the first bag of the prize is at least the 5000 that has been sold?
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