Quantitative Analysis: normal distribution

Anonymous
timer Asked: Feb 20th, 2019
account_balance_wallet $20

Question Description

Must show work in Excel and attach as document.


John knows that monthly demand for his product follows a normal distribution with a mean of 2,500 units and a standard deviation of 425 units. Given this, please provide the following answers for John.

a. What is the probability that in a given month demand is less than 3,000 units?

b. What is the probability that in a given month demand is greater than 2,200 units?

c. What is the probability that in a given month demand is between 2,200 and 3,000 units?

d. What is the probability that demand will exceed 5,000 units next month?

e. If John wants to make sure that he meets monthly demand with production output at least 95% of the time. What is the minimum he should produce each month?

Tutor Answer

pallveechem123
School: New York University

Please find attached the complete work ...

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Review

Anonymous
awesome work thanks

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