Review problem regarding raw material

Assignment Help Other Subject
Reference no: EM131876405

Question: Goop Inc. needs to order a raw material to make a special polymer. The demand for the polymer is forecasted to be Normally distributed with a mean of 250 gallons and a standard deviation of 80 gallons. Goop sells the polymer for $25 per gallon. Goop's purchases raw material for $10 per gallon and Goop must spend $5 per gallon to dispose of all unused raw material due to government regulations. (Assume one gallon of raw material yields one gallon of polymer with no extra cost.) If demand is more than Goop can make, then Goop sells only what they made and the rest of the demand is lost. Suppose Goop purchases 150 gallons of raw material. What is the probability that they will run out of raw material?

Reference no: EM131876405

Questions Cloud

What are the hazards and opportunities : What are the hazards and opportunities associated with shifting healthcare expenditure away from government to private insurance companies and individuals?
Compute quickairs depreciation for the first two years : Compute QuickAir's depreciation for the first two years on the plane using the Straight-line method
What is an escape sequence : What is an escape sequence? Name three escape sequences used by the echo command, and explain the significance of each.
Why should not you have a filename beginning with a - : Why shouldn't you have a filename beginning with a -? Reduce the number of keystrokes to execute this command: tar -t -v -f /dev/fd0.
Review problem regarding raw material : Goop Inc. needs to order a raw material to make a special polymer. The demand for the polymer is forecasted to be Normally distributed with a mean of 250 gallon
Briefly describe the depreciation methods : Briefly describe the depreciation methods based on treating assets as (1) units and (2) a group or as having a composite life.
How will you record your login session in the file foo : Enter the uname command without any arguments. What do you think the output represents? How will you record your login session in the file foo?
What amount should slide report : what amount should Slide report as the cumulative effect on the statement of retained earnings - FIFO method of inventory valuation to the weighted-average
Who are idling from the man documentation of who : What is a pager? Name the two standard pagers used by man. How do you find out the users who are idling from the man documentation of who?

Reviews

Write a Review

Other Subject Questions & Answers

  Well-behaved preferences-weak convexity

Weak Convexity. X z x Preferences are weakly convex if at least one mixture z is equally preferred to a component bundle. The slope of an indifference curve is its marginal rate-of-substitution (MRS). X How can a MRS be calculated?

  Discuss about the person-environment fit

Person-environment fit (P-E fit) refers to the similarity or congruence between a person's values or personality and his or her work environment.

  Diversity among individuals as well as cultures

Diversity among individuals, as well as cultures, provides a challenge for nurses when it comes to delivering meaningful health promotion and illness prevention-based education. How do teaching principles, varied learning styles (for both the nurse a..

  Define key organizational factor that influence organization

Assess the value of the following factors (co-workers, boss, salary, the work, and the location) as predictors of job satisfaction within your current organization (if you do not currently have an organization, you may use a past experience or int..

  Community has incressiv drugs use

your community has incressiv drugs use. A identify the goals for the program . B determine the individuals at risk. C who in the community would you collaborate with D .determine two interventions that would apply to the person at risk .E how would e..

  Describe the strengths-weaknesses of the motivation theory

Using the readings provided or any other source, in three paragraphs describe the strengths and weaknesses of the motivation theory of Abraham H. Maslow, the Gestalt Approach of Fritz Perls or the client centered approach of Carl Rogers.The intern..

  How many countries have abolished the use of death penalty

According to Cussen, Block, and Silbering, all but which of the following were given as reasons by proponents why drugs should be legalized in the United States?

  Define the sociological concept or term

Define the sociological concept/term- Provide a visual representation (a picture) of that concept/term, Write brief write-up tying the concept and the picture together. The write-up should explain how and why your visual "clipping" represents the s..

  Logical argumentation skills and persuasion skills

How does a basic knowledge of logical argumentation skills and persuasion skills help to build confidence in your critical thinking and decision making?

  Formulate searchable clinical questions in the picot format

Formulate searchable, clinical questions in the PICO(T) format using the material in this case study. There are several potential questions that could be asked, but you only need to identify two.

  Describe three different grouping configurations

Select a content subject and a topic that you are teaching to English language learners. List and describe three different grouping configurations that could be used for teaching and learning this new concept

  Analyze the design given in terms of appropriateness

Analyze the design given in terms of appropriateness, assumptions, strengths and weaknesses, and threats to internal and external validity. See the Application for more detail.

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