What safety inventory should the store carry

Assignment Help Basic Statistics
Reference no: EM1388513

Assume that the best buy store has a policy of ordering cellphones from motorola in lots of 500. weekly demand for motorola cellphones at the store is normally distributed, with a mean of 300 and standard deviation of 200. Motorola takes two weeks to supply an order. if the store manager is targeting a fill rate of 99%, what safety inventory should the store carry? What should its ROP be?

Reference no: EM1388513

Questions Cloud

Glycolytic enzymes : Scientists can use mutants to study metabolic pathways. These organisms have mutation in gene encoding a metabolic pathway enzyme that results in inactivation of that enzyme.
Write program to prompt user to enter year-find leap year : Write down program to prompt the user to enter year, and then tells user whether it is leap year. If user doesn't enter valid year (i.e., a positive integer).
Function of finance manager : Function of finance Manager and profit maximization does consider the impact on individual shareholder's EPS.
Find the genotypes of the described male and female : Think about a cross between a male who has vitamin D resistant rickets and a female who has fully functional PHEX protein and does not express vitamin D resistant rickets.
What safety inventory should the store carry : Motorola takes two weeks to supply an order. if the store manager is targeting a fill rate of 99%, what safety inventory should the store carry? What should its ROP be?
Find the speed of the bullet at impact with the block : The bullet becomes embedded in the block. If bullet-block system compresses the spring by a highest of 88.0 cm, what was the speed of the bullet at impact with the block.
Ketohexose monosaccharide found in honey : Fructose is a ketohexose monosaccharide discovered in honey, fruits, and other sources. It is also added to some foods and drinks as a sweetener.
Importance of epidemiology research : An example of an area in which epidemiologist might specialize is in design of research studies. How would the epidemiologist's contributions to a research study be different from those of other public health professionals?
What is the magnitude of the net gravitational force on mass : Three identical masses of 430 each are placed on the x axis. One mass is at = -14.0, one is at the origin, and one is at = 37.0.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Defining the decision rule

Define the decision rule. Calculate the value of the test statistic.

  Choosing appropriate random variable type

Which of these variables are discrete and which are continuous random variables?

  Estimating the standard error of the mean

When using the distribution of sample means to estimate the population mean, what is the benefit of using larger sample sizes?

  Hypotheses of this scenario of the restuarant franchises

Do sit down restuarant franchises and fast food franchises differ significantly in stock price? Specifically, is the average stock price for sit-down restaurants different from the average stock price for fast food restaurants?

  Find the z scores for the given data

Computing the Z scores for the given data and evaluate µ and σ for the population.

  Ages of circulating pennies having mean

The ages of circulating pennies are right skewed. Most circulating pennies were minted relatively recently, and extremely old pennies are rare. Assume the ages of circulating pennies have a mean of 12.2 years and a standard deviation of 9.9 years.

  Assessing null and alternative hypothesis to test the claim

If we wanted to shorten the interval of the estimation of the true mean of Saturday sales to a width of $600 in total, what should the size of our sample be to achieve it?

  Approximation by the poisson distribution

An internal study by the Technology Services department at Lahey Electronics revealed company employees receive an average of 3.3 emails per hour. Assume the arrival of these emails is approximated by the Poisson distribution.

  Estimating the protective effect of drug

The Absent Minded Professor study was a RCT, which had an objective to estimate the protective effect of drug "No-Reminder" compared to drug "Reminder" on risk of "Forgetful syndrome". The study found that the drug "No-Reminder" was protective.

  Standard deviation of the delivery times of all pizzas

A customer wants to estimate the average delivery time of a pizza from the local pizza parlor. The customer wants to obtain a sample mean that falls within 3.204 minutes of the true average delivery time with 99% confidence. If the customer knows ..

  Probability of project completion time using pert

What is the probability that the project will be completed in 17 months or less?

  Expected payoff table and expected monetary value

Using Sally's estimate of demand that follows, how many T-shirts should she produce for the upcoming event?

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