Simple random or the systematic sampling method

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Reference no: EM132267578

1. Identify whether the simple random (R) or the systematic (S) sampling method is used in the following: (a) Using a table of random numbers to select a sample of people entering an amusement park. (b) Interviewing every 100th person entering an amusement park, randomly starting at the 55th person to enter the park.

2. Average weekly demand for ice breaker salt is 160 bags per week with a standard deviation of 32 bags per week. The company uses a continuous inventory review system to manage inventory of salt. The company also wants to set the reorder point high enough that there is only a 5% chance of running out before the next order comes in. Assuming the lead time is constant with 3 weeks, what should the reorder point be?

Reference no: EM132267578

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