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

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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