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1. The monthly sales ofntulers follow the normal distribution with a mean of 1200 and a standard deviation of 225. The manufacturer would like to
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The monthly sales ofntulers follow the normal distribution with a mean of 1200 and a standard deviation of 225. The manufacturer would like to establish inventow levels such that there is only a 5% chance of running out of stock. Where should the manufacturer set the inventory leve ls? A population consists oflhe following four values: I2. 12, |4,at1d [6. a. List all samples of size 2. and compute the mean of each sample. 1). Compute the mean ofthe distribution ofthe sample mean and the population mean. Compare the two valuesStep by Step Solution
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