Problem 3 40 Points Suppose Dedicated Storage Requirements Four Individual Products Statis Q29304350

Problem #3 (40 points) suppose that the dedicated storage requirements for four individual products are statistically independent and distributed as follows: Storage Requirement 0 10 20 30 40 50 60 0.4 0 0.1 0. 0 0.2 0.1 0. 0.1 0.2 0.3 0.1 0.3 0.3 0.3 0.2 0.3 0 0.4 0.1 (a) Determine the minimum number of storage positions having a probability no greater than 0.3 of a storage space shortage. (b) Det minimize the probability of a space shortage. ermine the allocation of 160 storage positions among the four products that will Show transcribed image text