QuickHelper

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    Phoniex
    Jul-2007 - Jun-2012

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Category > Business & Finance Posted 28 May 2017 My Price 15.00

quantitive anyalysis for business

Question description

 

If Tennant Creek Town’s daily water demand is approximately normally distributed with a mean of 5 ml and a standard deviation of 1.25ml:

a) Estimate the number of days in a (365 day) year on which daily consumption is:

i. 50% or more greater than the mean. [1 Marks]

ii. within two standard deviation of the mean. [1 Marks]

iii. below the first quartile level of demand. [1 Marks]

b) If the water supply authority decides to save money by setting supply capacity to a level adequate to satisfy daily demand on 95% of all days at what level should capacity be set? 

Answers

QuickHelper
(10)
Status NEW Posted 28 May 2017 11:05 AM My Price 15.00

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