Demand follows the normal? distribution

Assignment Help Operation Management
Reference no: EM131148969

Cynthia? Knott's oyster bar buys fresh Louisiana oysters for ?$5 per pound and sells them for ?$10 per pound. Any oysters not sold that day are sold to her? cousin, who has a nearby grocery? store, for ?$3 per pound. Cynthia believes that demand follows the normal? distribution, with a mean of 100 pounds and a standard deviation of 19 pounds. How many pounds should she order each? day? Refer to the standard normal table for? z-values.

Cynthia should order____pounds of oysters each day ?(round your response to one decimal? place)

Reference no: EM131148969

Questions Cloud

Responsibility is to maximize shareholder value : Some believe that a company's only responsibility is to maximize shareholder value. Others feel that an organization has a responsibility to a larger group of stakeholders. State which view you support and justify your position.
Prepare the appropriate adjusting entry : At December 31, 2012, Ed & Kay Hastings Company had no investments. One equity security is purchased for $34,680 on November 15, 2013; commission costs on the purchase amount to $320. Prepare the journal entry for the purchase of the security on Nove..
What annual rate is kant miss promising : What annual rate is Kant Miss promising? If you invested $250 now and Kant Miss were able to deliver on its promise, how long would it take before your investment reaches $32,000?
Demand follows the normal? distribution : Cynthia? Knott's oyster bar buys fresh Louisiana oysters for ?$5 per pound and sells them for ?$10 per pound. Any oysters not sold that day are sold to her? cousin, who has a nearby grocery? store, for ?$3 per pound. Cynthia believes that demand foll..
How can him staff ensure the reliability of data used : How can HIM staff ensure the reliability of data used in secondary databases? What are some types of data sets and what are the similarities and difference between them
Verify the approximate doubling period with the time value : Approximately how long will it take to double your money if you get 5.5%, 7.5%, or 9.5% annual return on your investment? Verify the approximate doubling period with the time value of money equation.
How would you break network systems : Suppose that there are two users on a network.- If you are told that ni and n2 are not relatively prime, how would you break their systems?
Purpose of utilizing research in health administration : Include the following in your proposal: Explain the purpose of utilizing research in health administration. Explain the influence and importance of stakeholders in research utilization

Reviews

Write a Review

Operation Management Questions & Answers

  Representative for the team along with a peer appointed

Your project team has reached a point where a major output of your work needs to be shared with other key people within the organization. Your supervisor appoints you to act as a representative for the team along with a peer appointed from another fu..

  Demings pdca plan do check and act cycle underlies what

a demings pdca plan do check and act cycle underlies what inherent six sigma principle?bull continuous

  Enterprise risk management

Enterprise risk management (“ERM”) is a hot topic across all industries. Boards and senior management rely on ERM to help them understand and manage important risks. Briefly explain ERM and its three foundational steps.

  Supply manager to recognize his responsibilities to supplier

Both the buyer and the firm he/she represents are judged by the manner in which they conduct business. In this global market, it is more important than ever for the supply manager to recognize his responsibilities to the supplier, his organization, a..

  Use the symbolization key given to translate

Use the symbolization key given to translate each English sentence into SL.

  Explain why your best choice seems stronger than the others

Out of the ideas you list which one do you think would really have the best chance of succeeding in generating additional revenue and not just cannibalizing the existing products sales? Explain why your best choice seems stronger than the others?

  The nature of work and jobs is changing

For many individuals, the nature of work and jobs is changing. Describe the changes you are currently going through (or went through for your job) and the reasons why. How are you accepting the changes (or how did you accept the changes)?

  Implications of the age discrimination in employment act

When we are performing our staffing jobs, we aren’t working in a vacuum from the rest of society. What are the broader implications of the Age Discrimination in Employment Act of 1967 and the Immigration Reform and Control Act of 1986 for the organiz..

  Well-practiced at personal interaction

Misunderstandings are more likely to arise when communication is not face-to-face, even when video-conferencing. This is particularly true for people who are well-practiced at personal interaction. Below you will explore some specific challenges that..

  Is the document visually inviting

Aziza is applying to various colleges and is required to write an essay about her ambitions for each college. After spending weeks on the essay, she has finally completed it. Before submitting it, she wants to revise it a few times. Is the document v..

  What is the average number of customers in the bank

Draw the process flow diagram for this process in either word or Excel (label all activities and buffers) Calculate the inventory, throughput rate and process time for each activity and buffer. What is the average number of customers in the bank?

  What are the benefit of eliminating the long-standing policy

What are the benefit of eliminating the long-standing policy at Matsushita that different divisions should be allowed to develop the same basic product? Are there any potential drawbacks of such a policy change?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd