Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. john knows that monthly demand for his product fol

John knows that monthly demand for his product follows a normal distribution with a mean of 2,500...

90.2K

Verified Solution

Question

Basic Math

John knowsthat monthly demand for his product follows a normal distributionwith a mean of 2,500 units and a standard deviation of 425 units.Given this, please provide the following answers forJohn.

a. What is theprobability that in a given month demand is less than 3,000units?

b. What is theprobability that in a given month demand is greater than 2,200units?

c. What is theprobability that in a given month demand is between 2,200 and 3,000units?

d. What is theprobability that demand will exceed 5,000 units nextmonth?

e. If Johnwants to make sure that he meets monthly demand with productionoutput at least 95% of the time. What is the minimum he shouldproduce each month?

Answer & Explanation Solved by verified expert
4.2 Ratings (545 Votes)
Part aP X 3000 Standardizing the valueZ 3000 2500 425Z 118P X 3000 P Z 118 P X 3000 0881Part bP X 2200 1 P X 2200    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Directions The table lists the hair color and genotype of six individuals where black hair...

Basic Math
1.2K views

The fox population in a certain region had a relative growth rate of 6.5% per...

Calculus
1.2K views

Consider the following f x 2 6x 3 Find the x value at which f...

Calculus
1.2K views

Use n 6 and p 0 2 to complete parts a through d below a...

Accounting
1.2K views

Bonds Issued at a Premium (Effective Interest) Haley Industries issued $110,000 of 13%,...

Accounting
1.2K views

how can I test case study design against four criteria for maintaining the quality of...

Accounting
1.2K views

19. On January 1, 2014, Fishbone Corporation (an equipment manufacturer) sold equipment to Lost Company...

Accounting
1.2K views

Benson's established a trust fund that provides $125,000 in college scholarships each year. The trust...

Accounting
1.2K views

The Common Stock account for Baltimore Corporation on January 1, 2018 was $50,000. On July...

Finance
1.2K views

1. Vaka almas sunumu ve zmleri: A. Vaka arka plan: vaka almasnn ana konular. B....

Accounting
1.2K views

Oslo Company prepared the following contribution format income statement based on a sales volume of...

Accounting
1.2K views

Is there a tax credit for dependents?