A Group of 10 Male and 8 Female Students Is

question 8

Multiple Choice

A group of 10 male and 8 female students is talking about going out for pizza. If 50% of the male students actually go and 25% of the female students actually go, find the probability that a random student who goes out for pizza is female.

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Definitions:

Inventory Cycle

The period of time from the point when inventory is at its highest until it is replenished.

Reorder Quantity

The amount of stock ordered when inventory levels reach a specific point, ensuring sufficient supply while minimizing holding costs.

Lead Time

The period of time from order placement until the goods are received.

Inventory Needs

The required quantity and type of goods a business needs to have on hand to meet customer demand and maintain smooth operations.