Question: Average weekly demand = 68,429 Based on the weekly demand information for the last 26 weeks included in the graph , QUESTION- ESTIMATE the level

Average weekly demand = 68,429
Based on the weekly demand information for the last 26 weeks included in the graph,
QUESTION- ESTIMATE the level at which you must set the production (same level for all 26 weeks) to ensure that you have a 90% probability that of demand is covered by the production.
The answer must include-
1) a table of Z-values,
2) standard deviation / variance formula, and other related statistical variables .
Make sure you include the calculations and reference tables where you got the information from.
I have included reference lines to better estimate the values of each weekly demand.
Fressie Orange 1 liter
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
