Recommendation of a safety stock level

Assignment Help Basic Statistics
Reference no: EM1399819

linda lechner is in charge of maintaining hospital supplies at general hospital. duing the past year the mean lead time demand for bandage BX-5 was 60. Furthermore, the standard deviation was 7. Linda would like to maintain a 90% service level. what safety stock level do you recommend for BX-5?

Reference no: EM1399819

Questions Cloud

Writing a program that creates a linked list : Writing a program that creates a linked list from 100 randomly generated numbers and sorts the using a heap. One heap in ascending order and one heap in descending order. Then displays the original linked list and both sorted lists.
Alternative hypothesis that teacher wishes to test : If μ represents the mean increase in the verbal SAT score if all high school students used the method, the alternative hypothesis the teacher wishes to test is what?
Percentile of a chi squared distribution : What is the 25th percentile of a chi squared distribution with 20 degrees of freedom? What symbol is used to denote this value?
Recommendation of a safety stock level : Linda would like to maintain a 90% service level. what safety stock level do you recommend for BX-5?
Recommendation of a safety stock level : Linda would like to maintain a 90% service level. what safety stock level do you recommend for BX-5?
Determine the p-value of the test statistic : Let p represent the population proportion of all numbers in the corporate file that have a first nonzero digit of 1. Test the claim that p is less than 0.301 by using What is the P-value of the test statistic?
Pertinent to the class material : As a bonus, students are encouraged to research new and interesting articles/ websites/ interactive tools, etc. which are pertinent to the class material.
Computing the sample test statistic : Joan's nursery specializes in custom-designed landscaping for residential areas. the estimated labour cost associated with a particular landscaping proposal is based on the number of plantings of trees,shrubs and so on to be used for the project.
Estimating of the population proportion of accounts : Construct a 99% confidence interval estimate of the population proportion of accounts that would purchase the additional line if the handset were free.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Symmetric property of normal distribution

An apple juice producer buys all his apples from a conglomerate of apple growers in one northwest state. The amount of juice squeezed from each of these apples

  Sample standard deviation of the first set of strengths

The sample standard deviation of the first set of strengths was 8.2 ksi, the second set's S value was 9.8 ksi, and the S value for the 25 differences in strengths was 3.3 ksi.

  Determine the monthly break-even volume

The Evergreen Fertilizer Company produces fertilizer. The company's fixed monthly cost is $25,000, and its variable cost per pound of fertilizer is $0.15.

  Determining the probability of sat scores

Determine the probability that their SAT scores will differ by more than 50 points?

  Normal approximation to estimate the probability

Use the normal approximation to estimate the probability of at least one disaster in 25 missions.

  Bugeting problem for quatitative

The advertising agency promoting the new Keem dishwashing soap wants to get the best exposure possible for the product within the $100,000 advertising budget ceiling placed upon it.

  Calculation of mid-range

Each year approximately 160 colleges compete in national concrete canoe competion. Each team should design a seaworthy canoe from a substance not known for its capacity to float. T

  Determining time series graph

I understand how to do a time series graph with one variable versus time in years, but I am not sure how to graph if the time is in months with more than one variable with a scatter plot.

  Find the indicated probability

The diameters of bolts produced by a certain machine are normally distributed with a mean of 0.30 Inches and a standard deviation of 0.01 inches.

  Computing likelihood of the sample mean

What is the likelihood the sample mean is greater than $22.50 but less than $25.00?

  Standardized z-score

How does a researcher determine the meaning of a score on a norm-referenced test such as an IQ test? Why are raw scores transformed to standardized scores, such as z-scores, in order to interpret those raw scores?

  Question on multiple regression in excel

Great Plains Roofing and Siding Company inc, sells roofing and siding products to home repair retailers, such as Lowe's and Home Depot, and commercial contractors.

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