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Mr. Dave Jones manages the warehouse in inventory for Athleticks, a distributor or sports watches. From his experience, Mr. Jones knows that the PR-5 jogging watch has an average daily demand of 100 units and a performance cycle of 8 days. Mr. Jones requires no buffer stock at this time.a. Assume Mr. Jones perpetually reviews inventory levels. Find the reorder point forthe PR-5 jogging watch.b. Find the average inventory level of the PR-5 watch.c. How might the reorder point change if Mr. Jones reviews inventory once each week?Find the reorder point under these conditions.
Use the Normal curve approximation to the binomial distribution. Two percent of hair dryers produced in a certain plant are defective.
Convex Sets and Linear Transformations, Prove that the following sets are convex, where E stands for the sum symbol:
A person is given 4 coins each with equal and independent probabilities of being a nickel , a penny, a dime or a quarter. What is the probability the person has been 37 cents
If the two hypotheses have equal prior probability, for what values of x is the posterior probability of H0 greater than that of H1 and what is the form of the likelihood ratio test of H0 versus H1?
Apply DeMoivre's Theorem to solve the following: any angles that are multiples of pi/6, pi/4, pi/3, pi/2 or pi must be converted back into regular complex form!
Sketch the given region R and then find its area. R is the rectangle with vertices (1, 0), (-2, 0), (-2, 5), and (1, 5).
Calculation of a Laplace Transform from first principles
Probability: Birthdays on the Same Day, Determine the number of people needed to ensure that the probability at least two of them have the same day of the year as their birthday is at least 70 percent
A local company makes pigments used to color fabrics, plastics and paints. To ensure the finished product matches the customer's expectations, pigments of varying strength are blended to obtain what is called a "100% strength" commercial standard.
Given the adjacency relation p = {(1,4), (1,5) (1,6), (6,2), (6,3), (6,5)} on the set N ={1,2,3,4,5,6}, find the corresponding directed graph and adjacency matrix.
During the 12-month period the couple owned the stock, Cisco Systems paid no dividends. Calculate the Hernandez's total return for this investment.
A clock company is concerned about errors in assembly of their custom made clocks. A random sample of 120 clocks from today's production yields nine clocks with assembly errors.
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