In a Single-Period Inventory Situation, the Probabilities That Demand Will

question 49

Multiple Choice

In a single-period inventory situation, the probabilities that demand will be 1, 2, 3, or 4 units are 0.3, 0.3, 0.2, and 0.2, respectively. If two units are stocked, what is the probability of selling both of them?

• A)0.5
• B)0.6
• C)0.7
• D)0.8
• E)0.9

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