Akiko Hamaguchi, manager of a small sushi restaurant, Little Ginza, in Phoenix, Arizona, has to estimate the
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Akiko Hamaguchi, manager of a small sushi restaurant, Little Ginza, in Phoenix, Arizona, has to estimate the daily amount of salmon needed.
- Akiko has estimated the daily consumption of salmon to be normally distributed with a mean of 12 pounds and a standard deviation of 3.2 pounds.
- Buying 20 lbs of salmon every day has resulted in too much wastage.
- Therefore, Akiko will buy salmon that meets the daily demand of customers on 90% of the days.
Related Book For
Essentials of Business Statistics Communicating With Numbers
ISBN: 978-0078020544
1st edition
Authors: Sanjiv Jaggia, Alison Kelly
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