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1. Demand for Coca Cola at a local restaurant is 60 bottles per day with a standard deviation of 15 bottles per day.

a. Compute the probability that demand will be at most 1700 bottles during the next 28 days.

b. Compute the number of bottles the restaurant should stock to have at most a 9% chance of running out over the next 28 days.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M93038236

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