A Supermarket Has Determined That Daily Demand for Egg Cartons

question 86

Essay

A supermarket has determined that daily demand for egg cartons has an approximate mound-shaped distribution, with a mean of 55 cartons and a standard deviation of 6 cartons.
a. For what percentage of days can we expect the number of cartons of eggs sold to be between 49 and 61?
b. For what percentage of days can we expect the number of cartons of eggs sold to be more than 2 standard deviations from the mean?
c. If the supermarket begins each morning with a stock of 77 cartons of eggs, for what percentage of days will there be an insufficient number of cartons to meet the demand?

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Definitions:

Sellers

Individuals or entities that offer goods or services for sale to consumers or other buyers.

Buyers

Individuals or entities that purchase goods or services for use or consumption.

Tax

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Price

The amount of money expected, required, or given in payment for something.