historically, demand has averaged 5121 units per week with a standard deviation of 302. the company currently has 5849 units in stock. what is the probability of a stockout?

Respuesta :

The probability of a stockout is 798.

A possibility is quite a number that reflects the hazard or likelihood that a selected event will arise. Probabilities can be expressed as proportions that range from 0 to one, and they also can be expressed as chances starting from 0% to 100%.

Chance is a range between zero and 1 that describes the threat that a stated event will arise. An event is a targeted set of results of a random variable. at the same time, exclusive occasions can occur simplest one after the other. Exhaustive activities cover or comprise all viable effects.

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