demand & probality, Business Economics

Assignment Help:
Demand uncertainty, particularly in the fast fashion industry, is a significant factor. For this reason, María, the Supply Chain Manager of The Fast Fashion Group (FFG) has decided to pay attention to the distribution of the demand of several of their items, and she asks for your help.

She wants you to start analyzing one of their basics jeans, the "regular fit straight blue jeans" (SKU #J6599_107). The weekly demand for this item is found to be normally distributed, with a mean of 60 units and a standard deviation of 20 units. (Note that this SKU is not in the data set.)
PART 1

If you stocked 75 units of the “regular fit straight blue jeans” (SKU #J6599_107) for the first week, what is the probability that the demand during week 1 exceeds the stocking level?

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