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RTL's general groceries operates open between 9am and 6pm. The store stocks its milk-fridge twice a day, once at 830am and once between 1pm and
RTL's general groceries operates open between 9am and 6pm. The store stocks its milk-fridge twice a day, once at 830am and once between 1pm and 6pm. The probabilities of the shop owner re-stocking the fridge between 1pm and 6pm are as follows, Time Probability 1pm-2pm 40% 2pm-3pm 40% 3pm-4pm 10% 4pm-5pm 10% 5pm-6pm 0% Customer traffic at the shop varies. The probabilities of the milk-fridge running out of stock without being restocked, is as follows, Time Probability 9am-10am 10% 10am- 40% 11am 1lam- 60% 12pm 12pm-1pm 70% 1pm-2pm 80% 2pm-3pm 85% 3pm-4pm 90% 4pm-5pm 92% 5pm-6pm 92% Once the milk-fridge is re-stocked, it does not stockout. Questions Q1) What is the probability that the milk-fridge runs out of stock before being re- stocked
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