The monthly sales of a cheese factory follow a normal law whose mean is 1200 kg and
Fantastic news! We've Found the answer you've been seeking!
Question:
The monthly sales of a cheese factory follow a normal law whose mean is 1200 kg and the standard deviation is 225 kg. The cheese producer would like to establish a safety stock level that would allow him to limit the risk of stockouts to 5%. How much should this producer set their inventory level at?
Posted Date: