Normal distribution with a mean

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A retailer anticipates that demand for its lawn mowers this summer will follow a Normal distribution with a mean of 250 units and a standard deviation of 100 units. The firm orders 300 units at the start of the season (20% more than mean demand), and cannot reorder during the season. Which of the following statements is correct (check all that apply):

Group of answer choices

None of these statements is correct

Expected Sales > 250 units

The probability of not meeting all of the demand this season is less than 50%

Either expected leftovers or expected lost sales must be zero

The firm will never have more than 50 units leftover at the end of the season

Reference no: EM132954942

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