(Solution) - An electronics firm receives on the average fifty orders per -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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An electronics firm receives, on the average, fifty orders per week for a particular silicon chip. If the company has sixty chips on hand, use the central limit theorem to approximate the probability that they will be unable to fill all their orders for the upcoming week. Assume that weekly demands follow a Poisson distribution. (Hint: See Question 4.3.18.)