Post Utme Abu 2022 Commerce Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Abu Commerce examination.

Post Utme Abu 2022 Commerce Objective / Multiple Choice
Question 2 POST_UTME_ABU • 2022 • COMMERCE • objective

A company uses the following inventory management system: Reorder level = 100 units, Reorder quantity = 500 units. If the current inventory level is 200 units, what is the probability that a new order will be placed within the next 5 days?

Answer Options

A. 0.2
B. 0.4
Correct Answer C. 0.6
D. 0.8
Correct Answer
C
Correct Option:
0.6

About This Question

This is Post Utme Abu 2022 Commerce Question 2. It is one of the objective questions from the 2022 Post Utme Abu Commerce examination.

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