The Number Of Gallons Of Paint That Home Depot Sells In A Given Day Is
The number of gallons of paint that Home Depot sells in a given day is normally distributed with a mean of 160 gallons and a standard deviation of 55 gallons. The problem asks for the probability that on a randomly chosen day, Home Depot sells more than 120 gallons of paint.
To solve this, we need to determine the probability \( P(X > 120) \), where \( X \) represents the daily gallons sold. First, we convert the raw score (120 gallons) to a standard Z-score using the formula:
\[
Z = \frac{X - \mu}{\sigma}
\]
where \( \mu = 160 \) and \( \sigma = 55 \). Plugging in the values:
\[
Z = \frac{120 - 160}{55} = \frac{-40}{55} \approx -0.7273
\]
Next, we look up the probability corresponding to \( Z = -0.7273 \) in the standard normal distribution table or use a calculator. The cumulative probability for \( Z = -0.7273 \) is approximately 0.2334, meaning:
\[
P(X \leq 120) \approx 0.2334
\]
Since we are interested in the probability that sales exceed 120 gallons:
\[
P(X > 120) = 1 - P(X \leq 120) = 1 - 0.2334 = 0.7666
\]
Rounding to four decimal places, the probability that Home Depot sells more than 120 gallons of paint on a randomly chosen day is **0.7666**.
Paper For Above instruction
The problem involves calculating the probability that a random variable from a normal distribution exceeds a certain value, which is a common application in statistical quality control and business analytics. In this scenario, the variable in question is the daily amount of paint (in gallons) sold by Home Depot, modeled as a normally distributed variable. The mean daily sale is 160 gallons, with a standard deviation of 55 gallons, implying that most daily sales fall within a broad range around the mean due to the high standard deviation.
The calculation involves standardizing the raw score (120 gallons) to a Z-score. Standardization is performed to translate the problem into the standard normal distribution, which has a mean of 0 and a standard deviation of 1. This allows us to leverage standard normal tables or statistical software to find the corresponding probabilities.
Converting the raw score to a Z-score:
Z = \frac{X - \mu}{\sigma} = \frac{120 - 160}{55} \approx -0.7273
\]
Using the standard normal distribution table or a calculator, the cumulative probability \( P(Z \leq -0.7273) \) is approximately 0.2334.
To find the probability that sales exceed 120 gallons, we calculate \( 1 - P(Z \leq -0.7273) \), which equals approximately 0.7666. This indicates that on any randomly selected day, there is about a 76.66% chance that sales of paint will be more than 120 gallons.
Such calculations are useful for inventory management and sales forecasting, helping managers understand variability and plan stock levels accordingly. This analysis assumes the normal distribution adequately models daily sales, a common approximation in business analytics, though actual sales may vary due to factors such as weekends, holidays, or promotions.
In conclusion, by standardizing the raw data and using properties of the normal distribution, we determine that there is a high probability (about 76.66%) that Home Depot sells more than 120 gallons of paint on any given day, under the assumptions provided. This insight aids decision-making related to inventory
control, staffing, and sales strategies.
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