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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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