Producer of bandages and arm slings

Assignment Help Operation Management
Reference no: EM13902411

1-Susan Williams has been the production manager of Medical Supplies, Inc. for the past 17 years. Medical Supplies Inc. is a producer of bandages and arm slings. During the past 5 y ears, the demand for No-Stick bandages has been fairly constant. On the average, sales have been about 87,000 packages of No-Stick. Susan has reason to believe that the distribution of No-Stick follows a normal curve, with a standard deviation of 4,500 packages.

What is the probability that sales will be less than 80,000 packages?

2. The time to complete a construction project is normally distributed with a mean of 45 weeks and standard deviation of 4.5 weeks.

a. What is probability the project will be finished in 53 weeks or less?

b. What is the probability the project will be finished in 40 weeks or less?

c. What is probability the project will take more than 57 weeks?

You may submit just the answers or you may submit the answers and the QM worksheets you used to arrive at the answer. Choosing the latter will afford instructors the opportunity to review your work and determine if you understand the concept but have made some minor computational error, therefore allowing them to assign some credit based on your understanding. Submitting just the answers does not provide for any partial credit.

Reference no: EM13902411

Questions Cloud

Which of the skills do you need to continue to work : Which of the skills you learned in this course do you feel most confident using in your next course? Why? Which of the skills do you need to continue to work on to ensure your success as a student next term? Has this course prepared you for your next..
The personal value equation refers : The personal value equation refers to: how much a consumer feels a particular product is worth. the combination of price and the benefits the customer hopes to receive from his purchase.
How does reverse-engineering of share prices enable analyst : Explain reverse-engineering of share prices in conceptual terms. How does reverse-engineering of share prices enable an analyst to infer (or deduce) the assumptions that the capital markets appear to impound in share price?
What is marketings most important role : What is marketing's most important role? Create value for consumers. Bring needed products and services to consumer groups.
Producer of bandages and arm slings : Susan Williams has been the production manager of Medical Supplies, Inc. for the past 17 years. Medical Supplies Inc. is a producer of bandages and arm slings. During the past 5 y ears, the demand for No-Stick bandages has been fairly constant.
What difference between ordinal utility and cardinal utility : What is the difference between ordinal utility and cardinal utility? Explain why the assumption of car- dinal utility is not needed in order to rank consumer choices.
Analysis of the bunnatine greenhouse case : Analysis of the Bunnatine Greenhouse case via http://www.whistleblowers.org. Your analysis should: Provide a detailed synopsis and Identify and discuss the major issues
Write the integer as a product of powers of primes : Write the integer as a product of powers of primes and what would the pseudocode output with an input.
Identify three accounting factors that will drive a firm : Identify three accounting factors that will drive a firm's price-earnings ratio in a given period to be higher than that of other firms in the same industry.

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