A product's demand over (/+1) periods follows a normal distribution with mean of 80 and standard deviation of 20. The order-up-to level is 100. What is the in-stock probability?
A product's demand over (/+1) periods follows a normal distribution with mean of 80 and standard deviation of 20. The order-up-to level is 100. What is the in-stock probability?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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![A product's demand over (/+1) periods follows a normal distribution
with mean of 80 and standard deviation of 20. The order-up-to level
is 100. What is the in-stock probability?
0.8413
0.5987
O 0.3413](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4a1e25a2-f5e8-468f-ae64-00ba734492bc%2F43250b57-3b3b-40d7-89e5-b335f823554d%2Fjmj8xpg_processed.png&w=3840&q=75)
Transcribed Image Text:A product's demand over (/+1) periods follows a normal distribution
with mean of 80 and standard deviation of 20. The order-up-to level
is 100. What is the in-stock probability?
0.8413
0.5987
O 0.3413
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