Use o;f the normal curve table Biddle Keg Company uses white oak lumber to manufacture brandy barrels.

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Use o;f the normal curve table Biddle Keg Company uses white oak lumber to manufacture brandy barrels. Management believes that in the past it has had too much invested in its inventory of lumber and wants to develop some data that may help to manage the lumber inventory. From a random sample of weekly lumber use, the company determines that mean weekly use is 900 board feet of white oak with a standard deviation of 100 feet. Management believes that lumber use is approximated by a normal distribution.image text in transcribed

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Cost Accounting

ISBN: 9780538817646

2nd Edition

Authors: Les Heitger, Pekin Ogan, Serge Matulich

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