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

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Find the inverse probability of given data.

The monthly sales of mufflers in the Richmond, VA area follow the normal distribution with a mean of 1200 and a standard deviation of 225. The manufacturer would like to found Inventory levels such that there is only a 5 percent chance of running out of stock. Where the Manufacturer should set the inventory levels?

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Category:- Statistics and Probability
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