The housekeeping department of a motel uses approximately 200 washcloths per day. The actual number tends to

Question:

The housekeeping department of a motel uses approximately 200 washcloths per day. The actual number tends to vary with the number of guests on any given night. Usage can be approximated by a normal that has a mean of 200 and a standard deviation of 6 washcloths per day. A linen supply company delivers towels and washcloths with a lead time of four days. If the motel policy is to maintain a stockout risk of 3 percent, what is the minimum number of washcloths that must be on hand at reorder time?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...