company has this probability of daily sales of a perishable product: Volume 100 150 200 250 Probability 0.2 0.5 0.2 0.1 Company wants a 90% service level, initial stocks each day should be (D)   a.250 b.150 c.200 d.160

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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The company has this probability of daily sales of a perishable product:

Volume

100

150

200

250

Probability

0.2

0.5

0.2

0.1

Company wants a 90% service level, initial stocks each day should be (D)

 

a.250
b.150
c.200
d.160
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