Studies Have Shown That Bats Can Consume an Average of 10

question 17

Multiple Choice

Studies have shown that bats can consume an average of 10 mosquitoes per minute. What is the probability that a bat does not consume any mosquitoes in a 30-second interval?

• A) 0.0067
• B) 0.1755
• C) 0.0023
• D) 0.0090

---

Definitions:

Just-In-Time Systems

Inventory management systems that produce or provide items exactly when needed, minimizing inventory costs.

Stock-Outs

Stock-outs occur when an item is no longer available for sale, typically because inventory levels have been depleted.

Periodic Inventory System

A method of inventory valuation where inventory counts and cost of goods sold calculations are made periodically at the end of a reporting period, instead of after each sale.

Cost Flow Assumptions

Accounting principles that dictate how the cost of goods sold and ending inventory values are calculated, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out).