Next determine the standard deviation of the three week interval but utilizing the square root of the variant Study guides, Class notes & Summaries

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Next determine the standard deviation (SD) of the three week interval but utilizing the square root of the variant.
  • Next determine the standard deviation (SD) of the three week interval but utilizing the square root of the variant.

  • Answers • 3 pages • 2019
  • Suppose that the demand for a company’s product in weeks 1, 2, and 3 are each normally distributed and the mean demand during each of these three weeks is 50, 45, and 65, respectively. Suppose the standard deviation of the demand during each of these three weeks is known to be 10, 5, and 15, respectively. It turns out that if we can assume that these three demands are probabilistically independent then the total demand for the three week period is also normally distributed. And, the mean deman...
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What is the probability that the company will run out of units?
  • What is the probability that the company will run out of units?

  • Answers • 4 pages • 2019
  • Suppose that the demand for a company’s product in weeks 1, 2, and 3 are each normally distributed and the mean demand during each of these three weeks is 50, 45, and 65, respectively. Suppose the standard deviation of the demand during each of these three weeks is known to be 10, 5, and 15, respectively. It turns out that if we can assume that these three demands are probabilistically independent then the total demand for the three week period is also normally distributed. And, the mean deman...
    (0)
  • $6.49
  • + learn more