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The monthly sales of mufflers in the Richmond, Virginia, area follow the normal distribution with a mean of 1,200 and a standard deviation of 225. The manufacturer would like to establish inventory levels such that there is only a 2.5 percent chance of running out of stock. Where should the manufacturer set the inventory levels?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9414690

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