A store selling newspapers only orders n=4 of a certain newspaper because the manager does not get
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Question:
A store selling newspapers only orders n=4 of a certain newspaper because the manager does not get many calls for that publication. If the number of request per day follows a Poisson distribution with mean 3,
a) What is the expected value of the number sold?
b) How many should the manager order so that the chance of running out is less that .05?
Related Book For
Basic Business Statistics Concepts And Applications
ISBN: 9780132168380
12th Edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
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