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The president of the wholesale distributor is concerned about the possibility of stockouts causing a loss of customer confidence and loyalty and is interested in maintaining safety stock in inventory to prevent potential stockouts.
Assuming demand is normally distributed with a mean of 15 units and a standard deviation of 3.2 units, and a constant lead time of 4 days, what is the reorder point necessary to provide a 97% level of service?
Assuming demand is constant at 15 units per day, and lead time is normally distributed with a mean of 4 days and a standard deviation of 1.4 days, what is the reorder point necessary to provide a 97% level of service?
Assuming that demand is normally distributed with a mean of 15 units and a standard deviation of 3.2 units, and lead time is normally with a mean of 4 days and a standard deviation of 1.4 days, what is the reorder point necessary to provide a 97% level of service?
A certain airplane has two independent alternators to provide electrical power. The probability that a given alternator will fail on a 1-hour flight is .02. What is the probability that:
Given length an athlete throws a hammer is a normal random variable with mean 50 feet and standard deviation five feet, what is the probability he throws it: Between 50 feet and 60 feet.
Below, explicitly state slope of your trend line and describe what value of slope signifies in terms of this context.
Probability of two mutually exclusive events intersecting Can be any value between 0 to 1, Must always be equal to 1.
Based on the expected value of the lottery ticket, would you pay $1 for a ticket? Round the answer to 3 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)
You are presented a 90% confidence interval for the difference in population mean scores (with drug - without drug) of (-17.81, -7.24). What can you conclude from this interval?
The sales manager had predicted, before the business started, that year 1's sales would be 410 air conditioners. Using exponential smoothing with a weight of alpha = 0.30, develop forecasts for years 2 through 6.
State in each of given cases whether you would expect relationship between given variables to be positive or negative or neither.
Given CAPM as the benchmark, is either of the two managers over-performing the market? What if you use the Sharpe Ratio as benchmark? Explain the answer carefully.
Country A and Country C spends about the same amount on average per person per year. Which has the greater spread?
According to Fortune, Missouri is within 500 miles of 44% of all U.S. manufacturing plants 8. If a Missouri company needs parts manufactured in 122 different plants, what is the probability that at least half of them can be found within 500 miles ..
What is the probability that a randomly selected automobile manufactured by the company will have a defective microprocessor?
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