Due to COVID-19, a vehicle brake pad supplier estimates that 10% of online orders will be cancelled.
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Question:
Due to COVID-19, a vehicle brake pad supplier estimates that 10% of online orders will be cancelled. Assume that the supplier has capability to supply 500 piece of brake pad on time for this round of order. How many online orders should be accepted if the supplier would like to ensure at least a 0.99 probability that all prospective order will be delivered on time?
Related Book For
Accounting Information Systems
ISBN: 978-0133428537
13th edition
Authors: Marshall B. Romney, Paul J. Steinbart
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