Average demand is estimated at 1,200 units/month. It is believed there is a 20% chance for demand to be higher than 1,800. Determine the ? and ? of a normal distribution that estimates demand
What will be an ideal response?
? = 1200, ? = (1,800 - 1,200 )/(0.84 ) = 714
Business
You might also like to view...
In the chasm model, the third small crack between the Conservatives and the Skeptics is the problem of:
A) getting laggards to buy a product. B) getting late majority to buy a product. C) getting innovators to buy a product. D) getting early adopters to buy a product.
Business
What is the Bank for International Settlements? What three categories does the BIS designate in the foreign-exchange market? Briefly describe each category
What will be an ideal response?
Business