User Account

All Pages

How much safety stock should be maintained

Assignment Help Basic Statistics
Reference no: EM131549707

Question: A local manufacturer uses a part in production that has a normally distributed demand during the reorder period. The mean (average) demand during the reorder period is 120 with a standard deviation of 10. The plant manager wants the probability of a stockout during the reorder period to be 2% of the time.

a) What reorder point should be used?

b) How much safety stock should be maintained?

Reference no: EM131549707

Questions Cloud

Effectiveness of any government intervention : Provide examples to illustrate the points you make. How would you go about evaluating the effectiveness of any government intervention?
The concepts of leadership and management : Describe how the concepts of leadership and management differ from each other.In what areas do they overlap?
Set up a u-control chart for nonconformities per unit : A major supplier of rocket motorswishes to control the number of nonconformities in a subassembly area producing fuel pumps.
Describe the teaching experience : Describe the teaching experience and discuss your observations.Environmental issue-Second Hand Smoke: The Danger to Infants and Children.
How much safety stock should be maintained : A local manufacturer uses a part in production that has a normally distributed demand during the reorder period. The mean (average) demand during the reorder.
Components of political and of legal systems : What are the components of political and of legal systems? What is their role within a country?
Describe common characteristics of organizational culture : Describe the common characteristic of organizational culture. Show how national culture can affect way organizational culture is transported to another country?
Element of negligence is at the center : Which element of negligence is at the center of this dispute? How is a court likely to rule in this case, and why?
Name four types of information bias : Name four types of information bias. Name at least one way in which each type of bias can be prevented or minimized.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING 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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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