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Suppose that daily demand for bagels at the local coffee shop where you work is found to be Normally distributed with a mean of 250 and a standard deviation of 75 units

Suppose you have 350 bagels ready to sell on a certain day. What is the probability that you will run out? That is, what is the probability that the demand is greater than 350 on a certain day?

 

 

Operation Management, Management Studies

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