[SOLVED] Probability question
Basic calculator allowed (no graphic or T) please help me answer this review question with steps:
A bakery has determinate that the demand for its white bread has a normal distribution with a mean 7,200 loaves and standard deviation 300 loaves. Based on cost considerations, the company has decidedTo produce a sufficient number of loaves so that it will fully supply demand on 94% of all days.
a. How many loaves of bread should the company produce each day?
b. Based on the production in part a, on what percentage of days will the company be left with more than 500 loaves of unsold bread?