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the monthly sales of mufflers in Richmond, VA, area follow the normal distribution with a mean of 1,200 and a standard deviation of 225.
the monthly sales of mufflers in Richmond, VA, area follow the normal distribution with a mean of 1,200 and a standard deviation of 225. The Manufacturer would like to establish inventory levels such that there is only 5 percent chance of running out of stock. Where should the manufcaturer set the inventory levels?