Additional Algo 11-3 Stockout Probability A department store carries 2,350 different Items in stock at their store. Last week, customers wished to purchase 1,355 of these items. Unfortunately, 38 Items were unavailable for the entire week and the store ran out of Inventory on another 81 Items before a new shipment arrived at the end of the week. What was the store's stockout probability last week? Note: Express your answer as a percentage and round to 1 decimal place. Answer is complete but not entirely correct. Stockout probability 8.8 %
Additional Algo 11-3 Stockout Probability A department store carries 2,350 different Items in stock at their store. Last week, customers wished to purchase 1,355 of these items. Unfortunately, 38 Items were unavailable for the entire week and the store ran out of Inventory on another 81 Items before a new shipment arrived at the end of the week. What was the store's stockout probability last week? Note: Express your answer as a percentage and round to 1 decimal place. Answer is complete but not entirely correct. Stockout probability 8.8 %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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