Question: Every day a bakery prepares its famous marble rye A statistically
Every day a bakery prepares its famous marble rye. A statistically savvy customer determined that daily demand is normally distributed with a mean of 850 and a standard deviation of 90. How many loaves should the bakery make if it wants the probability of running short on any day to be no more than 30%?
Relevant QuestionsRefer to Exercise 8.65. Any marble ryes that are unsold at the end of the day are marked down and sold for half-price. How many loaves should the bakery prepare so that the proportion of days that result in unsold loaves is ...Let X be an exponential random variable with λ = .5. Find the following probabilities.a. P(X > 1)b. P(X > .4)c. P(X < .5)d. P(X < 2)The manager of a gas station has observed that the times required by drivers to fill their car’s tank and pay are quite variable. In fact, the times are exponentially distributed with a mean of 7.5 minutes. What is the ...Use a computer to find the following probabilities.a. P(t141 > .94)b. P(t421 > 2.00)c. P(t1000 > 1.96)d. P(t82 > 1.96)Use a computer to find the following values of F.a. F.05, 70, 70b. F.01, 45, 100c. F.025, 36, 50d. F.05, 500, 500
Post your question