One of Specialty's managers felt that the profit potential was so great that the order quantity should have a 70 percent chance of meeting demand and only a 30 percent chance of any stock-outs What qu?

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1264872

2026-07-07 09:50

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p(x < k) =0.70

p(z < (k-20,000)/5102 ) = 0.70

(k-20,000)/5102 = 0.5244

k = 20,000 + (5102* 0.5244) = (20000 + 2675) = 22,675

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