OIDD 101 Lecture Notes - Lecture 13: Standard Deviation, Q150, Flu Season
29 Apr 2015
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Opim 101 - operations & information management - lecture 13: comparing alternative. Scenario: the centers for disease control (cdc) estimates that seasonal flu virus infections result in 200,000 hospitalizations and between 3,300 and 49,000 deaths each year. Total annual economic impact of a flu season: around billion. Cdc recommends that every person 6 months and older get vaccinated every. In 2010, around 41% of all us residents 6 months and older got vaccinated. Actual nationwide demand for the upcoming flu season is uncertain. Due to technological reasons, vaccine production needs to start well before the actual demand is known. Task: for next year, analysts estimate that the demand for vaccines is normally distributed with mean m=150 million and standard deviation s=10 million. A shortfall in vaccine supply exceeding 15 million doses is considered be unacceptable. One of the critical goals of the national vaccination policy is to ensure that the probability of such shortfall does not exceed 5%
