Business, 18.03.2021 01:20 fluffypuppies24

Your online clothing store finds the daily demand for pants can be approximated by a normal distribution with mean 111 and variance 81. Through careful data analysis you find that sales of belts is related to sales of pants, in particular, if you sell a pair of pants, there is a 75% chance you will also sell a belt at the same time. Your daily inventory of pants is enough such that on any random day you have a 16% chance of running out of pants. Your daily inventory of belts is matched to your pants such that you expect to run out of belts when you run out of pants. Assume that the only time you sell belts is with a purchase of a pair of pants. What is your daily inventory of belts

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