If, in a Single-Period Inventory Situation, the Probabilities of Demand

question 101

Multiple Choice

If, in a single-period inventory situation, the probabilities of demand being 1, 2, 3, or 4 units are .3, .3, .2, and .2, respectively.If two units are stocked, what is the probability of selling both of them?

• A).5
• B).6
• C).7
• D).8
• E)none of these

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