If the monthly demand for videos on average is 180 and, Ask an Expert

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A video store needs to keep enough recorders in inventory to meet customer demand. But keeping inventories to meet all demand is costly. The manager estimates that 90% of consumer demand for videos will minimize cost. If the monthly demand for videos on average is 180 and standard deviation = 60, what is the number of videos the manager should order to meet 90% customer demand?

A Tech school accepts only those applicants who graduate in the top 10% of their school class. The Average GPA is known to be 2.67 with standard deviation = 0.58. What GPA will a student need to have to be admitted to the Tech school?

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Category:- Statistics and Probability
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