In an inventory study it was determined that on average, Ask an Expert

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In an inventory study it was determined that on average demands for a particular item at a warehouse were made four times per day. What is the probability that on a given day an item is requested

(a) More than four times?

(b) Not at all?

(d) How many items would need to be stocked if the probability of not having enough on a given day is 5%?

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