We're working with single variable equations and I'm okay at them, but I'm rusty when it comes to using it with fractions. If an
yone could walk me through this problem I'd really appreciate it.
1 answer:
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The demand that has an 8% probability of being exceeded is 38.1230 .
<h3>What is probability?</h3>Probability is the aspect of mathematics that focus on the occurrence of a random event.
This is calculated below:
The normal random variable having the mean is been given as :
(Mu = 31.8)
The standard deviation is been given as ( sd = 4.5)
Then in making our calculation, we will need to make use of the formular below:
But we know that going with the probability of 0.08
where k = 1.4051
P (Z > 1.4051)
k = 1.4051
we can have the expression for k as
This can be simplified as:
X = 4.5 (1.4051) + 31.8 = 38.1230.
Therefore, the demand that has an 8% probability of being exceeded is 38.1230 .
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