Suppose that the odds are 1 to 5000 in favor of a customer


Suppose that the odds are 1 to 5000 in favor of a customer of a particular bookstore buying a certain fiction bestseller. If 800 customers enter the store every day, how many copies of that bestseller should the store stock every month so that, with a probability of more than 98%, it does not run out of this book? For simplicity, assume that a month is 30 days.

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Basic Statistics: Suppose that the odds are 1 to 5000 in favor of a customer
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