A local service station is opened 7 days per week, every day of the year. Sale of its premium grade oil is 40 cans per day, with a standard deviation of 9.15, and each can of oil costs $15. The service station reviews its inventory every Monday when a supply sales representative arrives. Assuming the station owner wants a 99.5% service probability and the lead time for delivery is 3 days, how many cans of oil should the service station order, if there are currently 55 cans of oil on the shelf?

Q: for this set of data, the standard deviation is equal to: 9,8,10,5,5,2,3,6,3

A: Mean:The formula for finding mean is shown below:

Q: In 2014, the per capita consumption of soft drinks in the United States was reported to be 42.1…

A: Hey, since there are multiple subparts posted, we will answer the first three subparts. If you want…

Q: Find the standard  deviation of 1.2, 2.7, 5.3, 3.4, 4.1, 4.6, 3.3, 2.7,  3.3, 2.6

A: Here we have to find, The standard  deviation of 1.2, 2.7, 5.3, 3.4, 4.1, 4.6, 3.3, 2.7,  3.3, 2.6.…

Q: Given that a data set has the following data values: 2, 4, 6, what would be the standard deviation?…

A: We have given that,  The data set are : 2, 4, 6 Then,  We will find the standard deviation (s) = ?

Q: Find the probability that a sample of 18 has a sample mean below 32. The population mean is 24 and…

A: Central Limit Theorem for mean: If a random sample of size n is taken from a population having mean…

Q: The average number of pounds of red meat a person consumes each year is 196 with a standard…

A: We are given,μ = 196σ = 22n = 60

Q: The sales of a salesman average $500 with a standard deviation of $15.2. He gets a $100 commission…

A: The sales of a salesman average $500 with a standard deviation of $15.2. He gets a $100 commission…

Q: The temperature is recorded at 60 airports in a region. The average temperature is 67 degrees…

A:

Q: Determine the mode and standard deviation of the data

A: The frequency distribution from given graph is written as,: underline; position: relative;…

Q: A charitable organization solicits donations by telephone. Employees are paid $60 plus 20% of the…

A: Suppose X be the amount of money generated in a week. E(X)=$700…

Q: A different investor decides to invest $8000 in Fund A and $3000 in Fund B. Assuming the amounts…

A: Here's how to proceed:### 1. Investment DetailsYou've mentioned investments of $8000 in Fund A and…

Q: In a survey, 80% of the voters support a particular referendum.  If 30 voters are chosen, find the…

A: Number of voters(n)=30∵80% of the voters support a particular referendum i..e. p=0.80