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​A Restaurant Stocks 600 Hamburgers and 150 Chicken Sandwiches for a Given

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Essay

​A restaurant stocks 600 hamburgers and 150 chicken sandwiches for a given day. Assume that the demands for hamburgers and chicken sandwiches are probabilistically independent. Why is the independence assumption in this scenario probably not realistic? Using a more realistic assumption, do you think the probability would increase or decrease?


Definitions:

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.

State

A political entity with a centralized government that has sovereignty over a geographic area.

Partnership

An association of two or more persons to carry on as co-owners of a business for profit.

Partner

In a business context, an individual or another business entity that shares ownership of a company and is involved in its strategic decision-making processes.

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