Before the summer season begins, you need to decide how many postcards to stock in your shop. Historically, the number of postca
rds you sell during the summer season has approximately a normal distribution with mean 50 and standard deviation 7 (in thousands of postcards). If you want to be approximately 80% sure that you can meet demand, how many postcards should you stock
1 answer:
Answer:
You should stock 59 thousands of postcards
Step-by-step explanation:
In the standard normal distribution table, you want to find the Z with probability 0.4, which is (see figure attached) 1.28. Z is calculated as follows:
Z = (x - μ)/σ
where μ is the mean and σ is the standard deviation. Replacing with data:
1.28 = (x - 50)/7
x = 1.28*7 + 50 = 59 thousands of postcards
So, approximately 80% of the demand would be satisfied with a number of postcards between 41000 and 59000 (notice the curve is symmetrical).
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Step-by-step explanation:
<em>I think you have forgotten to attach the question. </em>
<em>Anyways....</em>
In order to find the area of a circle use the formula:
π Where r is the radius
For example the radius is 3cm. The area of the circle will be:
π ×
Since you have taken pi as 3.142...
3.142 ×
3.142 × 9
= 28.278
In order to find the answer to 1 decimal place, check the number next to the number right after the decimal. Is it a number greater than or equal to 5? then add +1 to the number.
= 28.3