The daily demand for six packs of Coke at Mr D s
The daily demand for six-packs of Coke at Mr. D’s supermarket follows a normal distribution with mean 120 and standard deviation 30. Every Monday the Coke delivery driver delivers Coke to Mr. D’s. If Mr. D’s wants to have only a 1% chance of running out of Coke by the end of the week, how many should Mr. D’s order for the week? Assume orders are placed on Sunday at midnight. Also assume that demands on different days are probabilistically independent.

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
Relevant Tutors available to help