MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A department store will place a sale item in a special display for a one-day sale. Previous experience suggests that 29 percent of all
customers who pass such a special display will purchase the item. If 2,027 customers will pass the display on the day of the sale, and if
a one-item-per-customer limit is placed on the sale item, how many units of the sale item should the store stock in order to have at
most a 1 percent chance of running short of the item on the day of the sale? Assume here that customers make independent purchase
decisions. (Round your answer to nearest whole number.)
Number of units
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Transcribed Image Text:A department store will place a sale item in a special display for a one-day sale. Previous experience suggests that 29 percent of all customers who pass such a special display will purchase the item. If 2,027 customers will pass the display on the day of the sale, and if a one-item-per-customer limit is placed on the sale item, how many units of the sale item should the store stock in order to have at most a 1 percent chance of running short of the item on the day of the sale? Assume here that customers make independent purchase decisions. (Round your answer to nearest whole number.) Number of units
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