Question

Q1: Sharm El Sheikh Duty Free sells, a famous brand of cigars, for which the weekly...

Q1: Sharm El Sheikh Duty Free sells, a famous brand of cigars, for which the weekly demand is assumed to be normally distributed with a mean of 400 units and a standard deviation of 38 units.

a) What is the probability that weekly demand is at most 480 units?

b) What is the probability that weekly demand is more than 515 units?

c) What is the probability that weekly demand is less than 350 units or more than 490 units?

d) Sharm El Sheikh Duty Free orders weekly from a distributor. How many units should be ordered for a week to have only a 2.5 percent chance of running out of stock during the week?

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A retailer sells four items i = 1, 2, 3, 4. Their weekly demand characteristics are...
A retailer sells four items i = 1, 2, 3, 4. Their weekly demand characteristics are the same, with a mean demand of µi = 100 units, and a standard deviation of σi = 10 units. The four items are also independent of one another (wherever you need to, you can assume the covariance is 0). The retailer does not know exactly how the item demands are distributed, but they assume they follow a normal distribution. Answer the following questions....
A retailer sells four items i = 1, 2, 3, 4. Their weekly demand characteristics are...
A retailer sells four items i = 1, 2, 3, 4. Their weekly demand characteristics are the same, with a mean demand of µi = 100 units, and a standard deviation of σi = 10 units. The four items are also independent of one another (wherever you need to, you can assume the covariance is 0). The retailer does not know exactly how the item demands are distributed, but they assume they follow a normal distribution. Answer the following questions....
Pallets of Cake Mix Demanded Probability Cumulative Probability Fewer than 2 0.10 0.10 2 0.30 0.40...
Pallets of Cake Mix Demanded Probability Cumulative Probability Fewer than 2 0.10 0.10 2 0.30 0.40 3 0.55 0.95 4 0.04 0.99 5 0.007 0.997 6 0.003 1.00 Sum: 1 Just Baked grew from one retail store in 2009 to thirteen stores in early 2013. Demand for cupcakes exhibits patterns based on seasons, store location, day of the week, and time of day. The "freshness promise" implicit in the name Just Baked has to be supported by the daily baking...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how the firms resources incompetencies support the given pressures regarding costs and local responsiveness. Describe entry modes have they usually used, and whether they are appropriate for the given strategy. Any key issues in their global strategy? casestudy: Atlanta, June 17, 2014. Sea of Delta employees and their families swarmed between food trucks, amusement park booths, and entertainment venues that were scattered throughout what would...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT