The monthly sales of mufflers in richmond va area follow, Ask an Expert

Accounting

The monthly sales of mufflers in Richmond, VA, 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 5 percent chance of running out of stock. Where should the manufcaturer set the inventory levels?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M998627

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