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4 March, 02:02

Weekly demand for a product is normally distributed with a mean and standard deviation of 3,211 and 484 units, respectively. What is the probability that weekly demand exceeds 4,044

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  1. 4 March, 02:31
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    The probability it is greater than or equal to 0.95 and less than or equal to 0.96

    Step-by-step explanation:

    In order to calculate the probability that weekly demand exceeds 4,044 we would have to calculate the z value as follows:

    Z = (X-mean) / standard deviation

    Z = (4044 - 3211) / 484

    Z=1.721

    So, looking for standard normal distribution table 1.7 from row, we get values from 0.9554 till 0.9633, for column 0.02 it is 0.9573

    Therefore, the probability it is greater than or equal to 0.95 and less than or equal to 0.96
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