Poisson distribution with a mean, Finance Basics

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Poisson distribution with a mean

Radio Shack sells a 32GB flash drive. Weekly demand for the 32GB flash drive in one of their stores is Poisson distributed with a mean of 1.25. The store places orders weekly and there is a one week lead time to receive orders.

a. On average, how many units will the store have on order?

b. Suppose they operate with a base stock level of 4. What in-stock probability would they achieve?

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Finance Basics: Poisson distribution with a mean

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Finance Basics: Poisson distribution with a mean

Reference No:- TGS0551110

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Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Poisson distribution with a mean

Reference No:- TGS0551110

Recent Questions Asked Finance Basics

Q : Minimizing the inventory

Q : How nuclear health care organization will be organized

Q : Inadvertent control mechanisms

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