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The president of the wholesale distributor is concerned about the possibility of stockouts causing a loss of customer confidence and loyalty and is interested in maintaining safety stock in inventory to prevent potential stockouts.
Assuming demand is normally distributed with a mean of 15 units and a standard deviation of 3.2 units, and a constant lead time of 4 days, what is the reorder point necessary to provide a 97% level of service?
Assuming demand is constant at 15 units per day, and lead time is normally distributed with a mean of 4 days and a standard deviation of 1.4 days, what is the reorder point necessary to provide a 97% level of service?
Assuming that demand is normally distributed with a mean of 15 units and a standard deviation of 3.2 units, and lead time is normally with a mean of 4 days and a standard deviation of 1.4 days, what is the reorder point necessary to provide a 97% level of service?
Probability histogran curve of percentage of (P)z
For all questions, clearly explain/show your answers. For the Analysis section, justify your answers with the appropriate graphs, statistics, equations, etc.
Suppose that the mean of the annual return for common stocks from 2000 to 2012 was 8.5%, and the standard deviation of the annual return was 25.2%.
What is the probability that in a sample of 10 pieces: 5 or more will be defective?
If the pilot plant fails, Rob feels the chance of the full-scale facility succeeding is only 20%. The probability that the pilot plant will succeed is estimated at 0.6. Structure this problem with a decision tree and advise Rob what to do.
Find the probability of winning jackpot?
Beta and required rate of return stock has required return of 11%; risk-free rate is 7%t; and market risk premium is 4 %. Determine the stock's beta?
Show draw a cause-and-effect diagram to organize the possible causes of delayed flight departures into the following maj categories.
Assume the population proportion is 0.17 and a simple random sample of 850 households will be selected from the population. What is the probability that the sample proportion will be within ±0.02 of the population proportion?
If sample mean is M=44. Is this sufficient to demonstrate significant effect? Again assume a Two-tailed test with a=0.05.
Illustrate what can we say about the probability distribution. Is it approximately normal, elucidate the mean and standard deviation.
A group of investors wants to develop a chain of fast food cafés. In determining potential costs for each facility, they must consider, among other costs, the average monthly cost of electricity.
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