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

question 80

Multiple Choice

In a single-period inventory situation, the probabilities that demand will be 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) .9