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Question: Demand for Coca Cola at a local restaurant is 60 bottles per day with a standard deviation of 4 bottles per day.

a. Compute the probability that demand will exceed 2450 bottles during the next 40 days.

b. Compute the number of bottles the restaurant should stock to have at most a 10% chance of running out over the next 50 days

Basic Finance, Finance

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  • Reference No.:- M92803754

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