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Business, 07.04.2020 21:22 KarenH3512

Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and a standard deviation of 300. What is its stockout probability if Store A’s order quantity is 800 units?

A. 97.7%
B. 84.1%
C. 15.9%
D. 2.3%

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