Jessica williams manager of kitchen appliances

Reference no: EM131104199

Jessica Williams, manager of Kitchen Appliances for the Midtown Department Store, feels that her inventory levels of stoves have been running higher than necessary. Before revising the inventory policy for stoves, she records the number sold each day over a period of 25 days, as summarized below.

(a) Use these data to estimate the probability distribution of daily sales.

(b) Calculate the mean of the distribution obtained in part (a).

(d) Use the uniform random numbers 0.4476, 0.9713, and 0.0629 to simulate daily sales over 3 days. Compare the average with the mean obtained in part (b).

(e) Formulate a spreadsheet model for performing a simulation of the daily sales. Perform 300 replications and obtain the average of the sales over the 300 simulated days.

Reference no: EM131104199

Questions Cloud

Define the regular representation of g over complex number : Let G be a finite group. Define the regular representation of G over the complex numbers. What is its character χR? How does χR decompose into irreducible characters

Describe the mechanisms of developmental symbiosis : Describe the mechanisms of developmental symbiosis and select an example that is not discussed in the text book. Explain how your selected EXAMPLE demonstrates developmental symbiosis and detail the life cycle changes.

How they will be helped to fit back into the society : High reciprocating, is a judicial system in which inmates are left alone upon completion of their term to go back to the society without a plan on how they will be helped to fit back into the society

Catherine janeway companys weekly payroll paid on fridays : Catherine Janeway Company's weekly payroll, paid on Fridays, totals $6,000.

Jessica williams manager of kitchen appliances : Jessica Williams, manager of Kitchen Appliances for the Midtown Department Store, feels that her inventory levels of stoves have been running higher than necessary.

Find the price that will induce consumers to buy : find the price that will induce consumers to buy that quantity.

What was the cost of goods produced by the company : During 2014 what was the cost of goods produced by the company? Assuming the company neither sold nor salvaged any assets during the year, what were the company's capital expenditures during 2014?

Develop e-marketing strategies such as segmenting- targeting : Develop e-marketing strategies such as segmenting, targeting, positioning, and differentiation; also appraise the rules, regulations, and culture of consumers across international borders.

History of modern psychology - identify the main points : Please identify the main points of his theories and why he believed his theories contributed more toward the field of psychology. You also need criticisms to counter with against Rogers.

User Account

All Pages