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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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