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The owner of a fast-food restaurant has found the daily demand for ground beef at her restaurant to be normally distributed, with a mean of 240 lb and a standard deviation of 23 lb. Since the fast-food business is very competitive, the manager would like to ensure that sufficient ground beef is available in her restaurant each day so that the probability is no greater than 1% that the day's supply is exhausted. How many pounds of ground beef should the manager have available for use each day?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9494161

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