Calculation of annual demand

Reference no: EM13130020

A drug company believes that the annual demand for a drug will follow a normal random variable with a mean of 900 pounds and a standard deviation of 60 pounds. If the company produces 1000 pounds of the drug, what is the chance (rounded to the nearest hundredth) that it will run out of the drug? Assume that the only way to meet the demand for the drug is to use this year's production number. Is it:

- 0.062

- 0.054

- 0.048

- 0.033, or

- 0.073

Reference no: EM13130020

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