Question
A large grocery store needs to decide how many bottles of 2 liter Dr. Pepper to stock each week in the store. The store must
A large grocery store needs to decide how many bottles of 2 liter Dr. Pepper to stock each week in the store. The store must decide how many bottles to stock each week. The weekly demand for 2 liter Dr. Pepper follows a Normal Distribution with a mean of 550 bottles and a standard deviation of 26 bottles. The store desires that the probability that they do not run out of 2 liter bottles of Dr. Pepper in a week to be .995. How many bottles should they stock at the beginning of the week to have a .995 probability of not running out during the week. Choose what you believe is the best answer from the following i) 601, ii)610 iii)617 iv)483 v) 490 vi) none of the above
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