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Business, 08.11.2019 06:31 msdmdsm1186
Acasino needs to decide how much cash to begin the day with in their vault. they are unable to receive additional cash during the day. their cash needs for the day are normally distributed with a mean of $85,000 and a standard deviation of $50,000. q1. suppose they want to be able to satisfy all cash needs with a probability of 0.9875. how much cash ($) should they have on-hand at the start of the day?
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