demand & probality, Business Economics

Assignment Help:
Demand uncertainty, particularly in the fast fashion industry, is a significant factor. For this reason, María, the Supply Chain Manager of The Fast Fashion Group (FFG) has decided to pay attention to the distribution of the demand of several of their items, and she asks for your help.

She wants you to start analyzing one of their basics jeans, the "regular fit straight blue jeans" (SKU #J6599_107). The weekly demand for this item is found to be normally distributed, with a mean of 60 units and a standard deviation of 20 units. (Note that this SKU is not in the data set.)
PART 1

If you stocked 75 units of the “regular fit straight blue jeans” (SKU #J6599_107) for the first week, what is the probability that the demand during week 1 exceeds the stocking level?

Related Discussions:- demand & probality

The effectiveness of the floating exchange rate model, QUESTION (a) Dif...

QUESTION (a) Differentiate between the fixed and floating exchange rate models. (b) Discuss the effectiveness of the floating exchange rate model. (c) Explain the mechani

How does structural adjustment programmes assist development, How does Stru...

How does Structural Adjustment Programmes/Poverty Reduction Strategies assist development? Structural Adjustment Programmes (SAPs) /Poverty Reduction Strategies (PRS) are an ef

Test review question, greg and todd form a partnership and start a business...

greg and todd form a partnership and start a business in which each has a 50 percent share of the profit. after a year, the firm goes bankrupt and has debts of $20,000. greg has no

What are the limitations of balanced growth, What are the limitations of ba...

What are the limitations of balanced growth? The limitations of balanced growth: • The strategy of balanced growth is away from the resources of most poor countries; • Go

Central banking pre and post financial crisis, Question 1: "Policy can ...

Question 1: "Policy can be conducted by rules or discretion.. The increased role of expectations led to some economists arguing that it would be best to force monetary policy

How does foreign direct investment help development, How does foreign direc...

How does foreign direct investment (FDI) help development? Foreign direct investment (FDI) shows an injection of resources in the economy. When those resources are used to rai

Who will sell and buy permits, There are three industrial firms in a quaint...

There are three industrial firms in a quaint town of South Orange where the municipal government wants to reduce pollution to 120 units from uncontrolled level of 210 units. Three

How can the population controlled, How can the population controlled? G...

How can the population controlled? Governments can take some steps to controlled populations: • Enhance the education of women and their employment opportunities raises and

Write Your Message!

Captcha
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