UW Faculty Web Server
1. (6 pts.) Site preparation for a new housing development with tracts for several homes is normally distributed with a mean of 200 workdays and a standard deviation of 10 workdays.
a. Find the probability that the site is completed within 215 workdays. .9332
P(X1)=1-P(X=inventory
set inventory so that expected cost of overstock is same as expected cost of stock out
2*P(X=inventory)=4*(1-P(X ................
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