The annual demand for a drug is normally distributed with a mean of 40,000 units and a standard deviation of 10,000 units Answer the following questions What is the probability that annual demand is between 35,000 and 49,000 units If you want to have only a 5 percent chance of running out of the dr...

To solve this problem we can use the standard normal distribution by standardizing the values using ...

The annual demand for a drug is normally distributed with a mean of 40,000 units and a

Question:

The annual demand for a drug is normally distributed with a mean of 40,000 units and a standard deviation of 10,000 units. Answer the following questions:

What is the probability that annual demand is between 35,000 and 49,000 units?
If you want to have only a 5 percent chance of running out of the drug, at what level should you set annual production?

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