Computing probabilities for demand during lead time

Assignment Help Basic Statistics
Reference no: EM1315485

Q1) Daily demand for PDAs at large electronics store is normally distributed with mean of 50 and standard deviation of 5. Replenishment lead time (i.e., time between placement and the receipt of order) is 4 days. Given this, compute the following probabilities for demand during lead time(DDLT).

i) P(Demand on any given day>= 60)

ii) P(Demand on any given day <=45)

iii) P(180≤DDLT≤210)

iv) p(DDLT =200)

v) How many PDAs do they require to stock for lead time of 4 days for service level of 90% (i.e., they are able to satisfy demand 90% of the time)?

vi) How many PDAs do they require to stock for lead time of 4 days for service level of 95% (i.e., they are able to satisfy demand 95% of the time)?

Reference no: EM1315485

Questions Cloud

Valuing the health care : Find the best way in order to leverage value from the health IM / IT investments in today’s health care environment. Give some specific examples in order to support your response.
Estimating the probability value using the given data : If there are 5 choices for a question and there is a 50% chance that the student knows the answer, what is the probability that the student knew the answer to a question he correctly answered?
The snell law to find the index of refraction : The Snell law to find the index of refraction
Impact of tax and social optimum : Show that the government can achieve the social optimum by setting the correct tax prices a, b, and c. What prices should it set?
Computing probabilities for demand during lead time : Given this, compute the following probabilities for demand during lead time(DDLT).
Implementing the nested – loop join algorithm : Implement the Nested – Loop Join algorithm in any of the programming language.The solution should involve:a) Source file of application,
What money supply should the fed : Illustrate what money supply should the Fed set in yr 2009 if it wants to keep the price level stable?
Profit maximizing level of output-perfectly competitive firm : Consider the Figure below that represents a perfectly competitive firm
Think the industry environment is significantly dissimilar : Do you think the industry environment is significantly dissimilar today.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Determining probability of examining sample mean weight

Determine the probability of examining a sample mean weight from any 20 women chosen from  this population that is less than S (your sample mean) by using population standard deviation?

  Inverse probability based on the uniform distribution

Assume that the smiling time of eight-week old babies, in seconds, follows a uniform distribution between 0 and 23 seconds, inclusive. This means that any smiling time from 0 to and including 23 seconds is equally likely.

  Hypothesis testing-confidence interval for two proportion

Establish a 99% confidence interval for the difference in the proportion of suburban and urban housewives who own IPod.

  Values for mean result in rejection of null hypothesis

If standard deviation is 50 hours and α is equal to 0.01, what values for mean x will result in rejection of null hypothesis.

  Regression model-estimated regression equation

In a regression model involving 30 observations, the following estimated regression equation was obtained:

  Computing probability by random number table

The professor wishes to use a random-number table to determine which letter choice should correspond to the correct answer for a question.

  The mean and standard deviation for the process

We are establishing a quality control program for a process and need to establish the mean and standard deviation for the process. The first 10 batches had samples of size 5 taken.

  Transportation problem to minimize the total cost

Modify above problem (Problem 8th) so that each hardware vendor now demands seventy-five (75) units. Any units available from the vendors that are not shipped cost nothing.)

  Probability using central limit theorem

Let Y be the number of envelopes for which the machine fails to remove a check. Using the Central Limit Theorem to approximate P{Y≤10}.

  Explaining difference in variances and decision rule

At α = .05, is there a difference in variances? Illustrate all steps clearly, including the illustration of the decision rule.

  Estimating amount of labor involved in inventory stockrooms

What would you recommend Taylor do to cut back its labor cost? (Illustrate using an ABC plan.)

  Probability depend on binomial distribution

Find the probability that exactly 15 flights arrive on time.

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