The daily demand for a certain medication in a country is given by a random variable (X)
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The daily demand for a certain medication in a country is given by a random variable \(X\) with mean value 28 packets per day and with a variance of 64 . The daily demands are independent of each other and distributed as \(X\).
(1) What amount of packets should be ordered for a year with 365 days so that the total annual demand does not exceed the supply with probability 0.99 ?
(2) Let \(X_{i}\) be the demand at day \(i=1,2, \ldots\), and
\[\bar{X}_{n}=\frac{1}{n} \sum_{i=1}^{n} X_{i}\]
Determine the smallest integer \(n=n_{\min }\) so that the probability of the occurrence of the event
\[\left|\bar{X}_{n}-28\right| \geq 0.02\]
does not exceed 0.05 .
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Related Book For
Applied Probability And Stochastic Processes
ISBN: 9780367658496
2nd Edition
Authors: Frank Beichelt
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