Question: At a local appliance store, weekly demand for a large screen TV during the week prior to the Super Bowl is normally distributed with a

At a local appliance store, weekly demand for a large screen TV during the week prior to the Super Bowl is normally distributed with a mean of 35 units and standard deviation of 12 units. The store usually keeps 40 units in its inventory. Use Analysis ToolPak or R, both with a seed of 1, to simulate 500 trials to estimate the likelihood of overstocking and understocking.

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Using Excel The likelihood of overstocking is 6620 331 out of 500 simulations and the likelihood ... View full answer

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