Question: You work in analytics for a chain store. You find the daily distribution of pans sold is well represented by a normal with mean 367

You work in analytics for a chain store. You find the daily distribution of pans sold is well represented by a normal with mean 367 and standard deviation 98. How many pans should you stock on a daily basis to have the chance of running out be less than 16%

Correct Answer: 465

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

a brief summary what was understood on the aspect of the causes or effects of segregation in city ( any kind of city within US). 1000word. Thank you REFERENCE: CHAPTER 5 Residential Segregation and...

QUESTION: I WOULD LIKE TO KNOW WHERE WOULD I FIND THIS INFORMATION WITHIN THE ANNUAL REPORT TO FIND THE ANSWER TO THIS ASSIGNMENT AND? You are a financial analyst for a Fortune 500 company and you...

1. Refer to the data file Catalog Marketing.xlsx (Example 2.7 in the 4th Edition). a) First, using lookup tables, recode the Age values to Younger, Middle-aged, Older; Close values to LiveClose and...

You own a small storefront retail business and are interested in determining the average amount of money a typical customer spends per visit to your store. You take a random sample over the course of...

Let Us Study When performing a probability distribution of sample means using the zdistribution, it is required that the sample size (n) is sufciently large and the standard deviation (6) of the...

BA 1605: Midterm Recap (Due: Feb. 27, 2015) Name _____________________________ 50 Student ID _____________________________ Section 01B 10:00~11:20 am Section 02B 01:00~02:20 pm [Questions 4 ~ 7] The...

before you do anything I need to know how much is it going to cost me if i let you do all steps of these questions ? PROBLEM 1. A population of 1,000 students spends an average of $10.50 a day on...

Group: PERON A+ PERSON B +PERSON C 1- Introduction 2- Literature a. Definition of operation management b. Definition of operation strategy and why it is important c. Components of operations strategy...

Like many other investors you are a Fed Watcher who constantly monitors any actions taken by the Fed to revise monetary policy. You believe that 3 key factors affect interest rates. Assume that the...

What do customers have to do with good performance measures?

Differentiate y = x - 2 ( 4 + 3 x - 3 ) A . - 1 5 + 8 x 3 x 6 C . - 1 5 - 8 x 3 x 6 B . 1 5 + 8 x 3 x 6 D . - 1 5 + 8 x 3 x 6

A summary of the time tickets for January is as follows: a. Determine the amounts of factory labor costs transferred to Work in Process and Factory Overhead for January. b. Illustrate the effect on...

Lear Inc. has $840,000 in current assets, $370,000 of which are considered permanent current assets. In addition, the firm has $640,000 invested in fixed assets. a. Lear wishes to finance all fixed...

The information for Best Sports Company, shown in the chart on the next page, is available from Best Sports time records and employees individual earnings records for the pay period ended December...

Materials issued for the current month are as follows: a. Determine the amount of materials transferred to Work in Process and Factory Overhead for the current month. b. Illustrate the effect on the...

On January 21, the column totals of the payroll register for Great Products Company showed that its sales employees had earned $ 14,960, its truck driver employees had earned $ 10,692, and its office...

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

2. A researcher studied the relation between psychotherapists degree of empathy and their patients satisfaction with therapy. As a pilot study, four patienttherapist pairs were studied. Here are the...

22. ADVANCED TOPIC: About how many participants do you need in each cell for 80% power in each of the following planned studies, using the analysis of variance with p 6 .05? Predicted Effect Size...

3. An instructor asked five students how many hours they had studied for an exam. Here are the hours studied and the students grades: Hours Studied Test Grade 0 52 10 95 6 83 8 71 6 64 (a) Make a...