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The Average Size of Forest Fires Last Year Was 968

question 43

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The average size of forest fires last year was 968 acres with a standard deviation of 182 acres.How many standard deviations from the mean is a forest fire consuming 245 acres?


Definitions:

Safety Stock

An additional quantity of an item held in inventory to reduce the risk of stockouts due to uncertainties in demand or supply.

Budgeted Production

An estimate of the quantity of products or services a business plans to produce over a certain period, used for planning and control purposes.

Sales Budget

An estimate of the sales revenue and sales volume expected for a future period, forming a basis for other business planning.

Accumulated Depreciation

The total depreciation that has been recorded for an asset since its acquisition, reflecting its reduction in value over time.

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