Determine the number of recorders the manager should order

Assignment Help Basic Statistics

Reference no: EM13632085

The manager of the local National Video Store sells videocassette recorders at discount prices. If the store does not have a video recorder in stock when a customer wants to buy one, it will lose the sale because the customer will purchase a recorder from one of the many local competitors. The problem is that the cost of renting warehouse space to keep enough recorders in inventory to meet all demand is excessively high. The manager has determined that if 90% of customer demand for recorders can be met, then the combined cost of lost sales and inventory will be minimized. The manager has estimated that monthly demand for recorders is normally distributed, with a mean of 180 recorders and a standard deviation of 60. Determine the number of recorders the manager should order each month to meet 90% of customer demand.

Reference no: EM13632085

Questions Cloud

If the correlation coefficient r is equal to 0726 find the : if the correlation coefficient r is equal to 0.726 find the coefficient of determination and the coefficient of

If the correlation coefficient r is equal to 0476 find the : if the correlation coefficient r is equal to 0.476 find the coefficient of determintation.a 0.773b 0.690c 0.352d

If the equation for the regression line is y7-9x then a : if the equation for the regression line is y7-9x then a value of x-1 will result in a predicted value for y

A single metallic crystal is oriented such that the normal : a single metallic crystal is oriented such that the normal to the slip plane and slip directions are at angles of 50

Determine the number of recorders the manager should order : the manager of the local national video store sells videocassette recorders at discount prices. if the store does not

We want to achieve a concentration of 05wt of carbon at a : we want to achieve a concentration of 0.5wt of carbon at a depth of 0.2 mm below the surface of the slab of a metal.

Water at 10 degrees c flows throug a smooth 60-mm-diameter : water at 10 degrees c flows throug a smooth 60-mm-diameter pipe with an average velocity of 8ms. would a layer of rust

Consider a system operating a power cycle between thermal : consider a system operating a power cycle between thermal reservoirs at temperatures th and tc where thgttc. using 1st

A diesel engine has a state before compression of 95 kpa : a diesel engine has a state before compression of 95 kpa 290 k a peak pressure of 6000 kpa and a maximum temperature of

User Account

All Pages