It is estimated that weekly demand for gasoline at new station is normally distributed, with an aver

Discussion in 'Calculator Requests' started by math_celebrity, Jan 7, 2017.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    It is estimated that weekly demand for gasoline at new station is normally distributed, with an average of 1,000 and standard deviation of 50 gallons. The station will be supplied with gasoline once a week. What must the capacity of its tank be if the probability that its supply will be exhausted in a week is to be no more than 0.01?

    0.01 is the 99th percentile
    Using our percentile calculator, we get x = 1116.3
     

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