Consider the following inventory problem - every morning warehouse has 5 units of a certain product. It is known that only 1 out of 3 possible customers can show up during the day and customers can show up with equal probabilities. I.e. each customer can show up with probability 1/3, but only one of them comes to the store. First customer can buy 1 unit of product with probability 3/5 and 2 units with probability 2/5. Second customer can buy 1 unit with probability 3/5, 2 units with probability 1/5, and 4 units with probability 1/5. Third customer can buy 3 units with probability 3/5, 4 units with probability 1/5, and 5 units with probability 1/5.
Consider the following inventory problem - every morning warehouse has 5 units of a certain product. It is known that only 1 out of 3 possible customers can show up during the day and customers can show up with equal probabilities. I.e. each customer can show up with probability 1/3, but only one of them comes to the store. First customer can buy 1 unit of product with probability 3/5 and 2 units with probability 2/5. Second customer can buy 1 unit with probability 3/5, 2 units with probability 1/5, and 4 units with probability 1/5. Third customer can buy 3 units with probability 3/5, 4 units with probability 1/5, and 5 units with probability 1/5.
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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