Question: Question No: 07 Max Mark(s). 02 Multiple Choice ( Select 1 out of 5 options, for the question below. ) The Tea shop outside the

Question No: 07 Max Mark(s). 02 Multiple Choice (

Question No: 07 Max Mark(s). 02 Multiple Choice ( Select 1 out of 5 options, for the question below. ) The Tea shop outside the main gate of IIM Trichy sells freshly made coconut cookies every day. The cost of making each cookie is 1.50 and it is sold at a price of *5. All leftover cookies at the end of the day are sold to another tea shop in the village at 1e tea shop used the newsvendor model to decide its stocking level of cookie. what is the probability that all the freshly made cookies will be consumed in a day? Options O 0.2 0.8 0.125 0.875 None of these Clear Response

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