A Plant Manager Knows That the Number of Boxes of Supplies

question 69

Essay

A plant manager knows that the number of boxes of supplies received weekly is normally distributed with a mean of 200 and a standard deviation of 20. What percentage of the time will the number of boxes received weekly be
-Greater than 200

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Definitions:

Payback Period

The amount of time it takes for an investment to generate an amount of income or cash equal to the cost of the investment.

Unprofitable Investment

An investment that generates a financial loss or does not achieve the expected financial return.

Payback Period

The payback period is the length of time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment.

Initial Capital Investment

The total amount of money used to start a business or project, including costs for property, equipment, and legal fees.