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The monthly sales of mufflers follow the normal distribution with a mean of 1160 and a standard deviation of 235. The manufacturer would like to
The monthly sales of mufflers follow the normal distribution with a mean of 1160 and a standard deviation of 235. The manufacturer would like to establish inventory levels such that there is only a 8% chance of running out of stock. Refer to the table inAppendix B.1.
Where should the manufacturer set the inventory levels?
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