You are traveling abroad and have only American dollars with you. You are currently in the capital
Question:
a. How many dollars should you convert to shillings before leaving the capital?
b. After some thought, you feel that it might be embarrassing if you run out of shillings and need to ask to convert additional dollars, so you really do not want to run out of shillings.
How many dollars should you convert to shillings if you want to ensure there is no more than a 1 in 200 chance you will run out of shillings?
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Related Book For
Matching Supply with Demand An Introduction to Operations Management
ISBN: 978-0073525204
3rd edition
Authors: Gerard Cachon, Christian Terwiesch
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