How many of the games must keep on hand

Assignment Help Basic Statistics
Reference no: EM13145696

A retailer finds that the demand for a very popular board game averages 100 per week with a standard deviation of 20. If the seller wishes to have adequate stock 95% of the time, how many of the games must she keep on hand.

Reference no: EM13145696

Questions Cloud

Bond issue cost amortization : Costs associated with the bond issuance were $160,000. Wasserman uses the straight-line method to amortize bond issue costs. Prepare the December 31, 2011, entry to record 2011 bond issue cost amortization.
What will be the new volume of the balloon : In one city, a balloon with a volume of 6.0 L is  filled with air at 101 kPa pressure. The balloon  in then taken to a second city at a much higher  altitude
Transactions related to notes receivable : Orosco Supply Co. has the following transactions related to notes receivable during the last 2 months of 2008.
Define glycerinehas a greater resistance to flow : Glycerine (glycerol) CH2-OHCH2-OH has a greater resistance to flow (viscosity = 94) than ethanol CH3CH2OH (viscosity = 1.08)
How many of the games must keep on hand : A standard deviation of 20. If the seller wishes to have adequate stock 95% of the time, how many of the games must she keep on hand.
Calculate the cost of ending inventory : Compute the cost of the ending inventory under the average-cost method, assuming there are 300 units on hand. (Round average cost to 2 decimal places, e.g. 3.25. Use this rounded amount to calculate cost of ending inventory.)
Is there an endogenous benzodiazepine : Is there an endogenous benzodiazepine? Discuss the evidence for the presence of an endogenous ligand for the benzodiazepine receptor.
Spread of the distribution as measured by the distance : Will a 5% across-the-board raise increase the spread of the distribution as measured by the distance between the quartiles? Do you think it will increase the standard deviation?
What is another use for ion gradients : The ion gradients maintained across the plasma membranes of most cells play a significant role in cellular energetics. Ion gradients are often either generated by the hydrolysis of ATP or used to make ATP by the phosphorylation of ADP.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Performing a two sample t-test

After performing a two sample t-test, you see a p-value of 0.0355. Of the following, which is the appropriate conclusion?

  Specification limits set between ounces

The specification limits are set between 15.8 and 16.2 ounces.

  Scores on a scholastic aptitude test

Scores on a scholastic aptitude test are normally distributed with standard deviation σ=100 points. A group of 25 inner city high school students takes the test; their mean scores is x-bar = 440 points.

  Understanding probability distributions

What shape curve do you get when your data set has the mean, median, and mode all with the same value? Could the value of the sample mean and the value of the population mean ever be the same?

  Probability of an event

What is meant by the probability of an event? Discuss how addition and multiplication techniques are used to solve probability problems.

  Null hypothesis-test statistic-p-value-decision

In an evaluation of the medical lab, the manager is interested in the efficiency of three technicians when they process four routine blood tests.

  Question-probability-reasoning

When writing about the probability that it will rain in Boston on July 4 of next year, a newspaper reporter states that the probability is ½, because either it will rain or it will not.

  Distribution of sentence lengths

In a distribution of sentence lengths in months like the following: 6, 12, 10, 18, 24, 360; which statistic would a researcher not want to report?

  Case study of flee market bargains

Use the above information to calculate the number of watches (units) and the sales dollars we need in order for our flea market business to break even for the day.

  Determining probability of not drawing face card

If probability of drawing a face card is 0.625. Determine the probability of not drawing a face card.

  Designing a linear programming problem

Design a Linear programming problem for the flair Furniture Company and find the combination of tables and chairs that the company must produce to maximize profits.

  Following a poisson distribution with mean

The university policy department must write, on average, five tickets per day to keep department revenues at budgeted levels. Suppose the number of tickets written per day follows a Poisson distribution with mean of 6.5 tickets per day. Interpret ..

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