sainigokul
New member
- Joined
- Jul 23, 2020
- Messages
- 1
The weekly demand of a cell phone shop is following the normal distribution with
average number of cell phones sold is 200 units and it has also been found that 90% of
time the demand is lying less than 220 units.
a. Using this information find the standard deviation of the distribution.
(5 Marks)
b. Determine the lowest stock that the company should maintain so that the probability of
shortage is not higher than 5%.
average number of cell phones sold is 200 units and it has also been found that 90% of
time the demand is lying less than 220 units.
a. Using this information find the standard deviation of the distribution.
(5 Marks)
b. Determine the lowest stock that the company should maintain so that the probability of
shortage is not higher than 5%.
