Answered: A baker knows that the daily demand for…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

A baker knows that the daily demand for strawberry pies is a random variable that follows the normal distribution with a mean of 31.8 pies and a standard deviation of 4.5 pies. Find the demand that has an 8% probability of being exceeded.

Use Excel, and round your answer to two decimal places.

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

Expert Solution

Step 1

Given:

Population mean $(μ) = 31.8$

Population standard deviation $(σ) = 4.5$

Consider X be the random variable that is following the normal distribution.

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