Find the companys average monthly demand for batteries

Assignment Help Mathematics

Reference no: EM13470339

Spark Industries uses a monthly periodic system to maintain the inventory of batteries it sells. Below is the sales data for the last 6 months.

Month	Jan	Feb	Mar	Apr	May	Jun
Units Sold	124	162	145	111	81	133

a) What is the company's average monthly demand for batteries?

b) Assume the standard deviation of demand is 28.1 batteries and Spark Industries wants to be in stock at least 95% of the time. What is the appropriate restocking level?

c) If there are currently 115 batteries on hand when the order is placed for July, how manybatteries should be ordered?

Reference no: EM13470339

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