A survey company was hired to forecast the market demand for a certain product in your company. They determined that demand of the product follows a normal distribution with a mean as 35 and a variance as 16. Suppose you are a production manager to determine a production level to satisfy the demand. (Hint: you need to find out the standard deviation first) Please find a production level that can satisfy the demand with a 90% of chance. 40.13 41.58 44.31

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A survey company was hired to forecast the market demand for a certain product in
your company. They determined that demand of the product follows a normal
distribution with a mean as 35 and a variance as 16. Suppose you are a production
manager to determine a production level to satisfy the demand. (Hint: you need to
find out the standard deviation first)
Please find a production level that can satisfy the demand with a 90% of chance.
40.13
41.58
44.31
Transcribed Image Text:A survey company was hired to forecast the market demand for a certain product in your company. They determined that demand of the product follows a normal distribution with a mean as 35 and a variance as 16. Suppose you are a production manager to determine a production level to satisfy the demand. (Hint: you need to find out the standard deviation first) Please find a production level that can satisfy the demand with a 90% of chance. 40.13 41.58 44.31
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