What is the probability that the monthly consumption

Assignment Help Operation Management
Reference no: EM131192935

A company has been able to restrict the use of ele... A company has been able to restrict the use of electrical power through energy conservation measures. The monthly use is known to be normal with a mean of 60,000 kWh (kilowatt-hour) and a standard deviation of 400 kWh.

(a) What is the probability that the monthly consumption will be less than 59,100 kWh?

(b) What is the probability that the monthly consumption will be between 59,000 and 60,300 kWh?

(c) The capacity of the utility that supplies this company is 61,000 kWh. What is the probability that demand will not exceed supply by more than 100 kWh?

Reference no: EM131192935

Questions Cloud

What is the difference in creating an easement by grant : What is the difference in creating an easement by grant, by reservation, or by implication? Tim makes the following argument: “ Even though CC&Rs limit what a property owner can do with his land, they may increase his property value” Is Tim right? Wh..
What does research tell us about effectiveness of product : Describe the product and explain how it is used to promote well-being. What does research tell us about the effectiveness of the product?
Passion vs. obsession : Passion vs. Obsession. How many processes, programs, departments, or products still exist even though they are relics of the past or products needing to be discontinued? Is your company passionate about its workforce?
Leader of an increasingly androgynous workforce : Manning suggests that while women tend to be hypercritical of themselves, men are often more confident of their abilities than they ought to be in leadership roles. Briefly do you agree or disagree (Why or Why not)? Then, address how you, as a leader..
What is the probability that the monthly consumption : A company has been able to restrict the use of ele... A company has been able to restrict the use of electrical power through energy conservation measures. What is the probability that the monthly consumption will be less than 59,100 kWh?  What is th..
Similarities between the prices-safety ratings and features : Researching product information and pricing In this exercise, you will use software at car- selling Web sites to find product information about a car of your choice and use that information to make an important purchase decision. This will allow them..
Chances of getting that sample average that was observed : Vendor quality control is an integral part of a total quality system. A soft drink bottling company requires its vendors to produce bottles with an internal pressure strength of at least 300 kg/cm2. What are the chances of getting that sample average..
The stock market has experienced unprecedented volatility : Lately, the stock market has experienced unprecedented volatility – wild ups and downs. Discuss how stock trading has created a lot of this volatility and the decisions for stock traders to buy and sell wildly in terms of hyperbolic discounting.
About the stock market problems-sub-prime mortgages : The news has been full of stories lately about the stock market problems, sub-prime mortgages, and ponzi schemes. All of these required people to make decisions. Research one of the stories and discuss how motivation influenced people to make such te..

Reviews

Write a Review

Operation Management Questions & Answers

  Targeting of the price-conscious consumer

Southwest, long recognized for its discount airfares and its targeting of the price-conscious consumer, has combined forces with another discount carrier-AirTran. AirTran asserts that with such a merger the potential exists for the expansion of disco..

  Determine areas for improvement

Evaluate the efficiency and effectiveness of the process selected in Week Two using the data collected. Determine areas for improvement

  Most beneficial to logistics management

What advances in telecommunications technology do you view as being most beneficial to logistics management? Why?

  Wholemark is an internet order business

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.10 per card, and the cost of printing is $0.25 per card. The company receives $4.15 per card s..

  What is the maximum number of parts in inventory

The introduction of quantity discounts will cause the optimal order quantity to be: A) smaller B) unchanged C) greater D) smaller or unchanged E) unchanged or greater

  Why preserving the environment should be a permanent part

List five reasons why preserving the environment should be a permanent part of doing business. Do you agree with all of them? Explain your rationale.

  Upstream supply chain

Upstream Supply Chain. What are the key supplies and materials needed to produce this product? Include not only the materials that go into the product, but also any packaging that is needed. Identify as many of the actual supplier companies as you..

  Two conveyor systems for transporting raw materials

Make a cost comparison between two conveyor systems for transporting raw materials. The service life of each system is 5 years and the write-off period is 5 years. Use straight-line depreciation and assume no salvage value for either system. At what ..

  Explain relationship between motivation and job satisfaction

What is the relationship between motivation and job satisfaction? Are satisfied employees more productive? Can most people be motivated by money?

  Explain the concept of a virtual world

Explain the concept of a virtual world and then explain how the popularity of such virtual worlds may influence marketers' strategies, provide an example.

  What are the arrival rate and service rate in jobs per hour

The Robotics Manufacturing Company operates an equipment repair business where emergency jobs arrive randomly at the rate of three jobs per 8-hour day. The company’s repair facility is a single-channel system operated by a repair technician. What are..

  What is moral with what the divine command

Do you have to ‘know’ that what you’re doing is the right thing in order for it to truly be the right thing? Can we be moral by accident? For the philosopher, "because God said so" is an unsatisfactory answer to the question "why is act X moral (or i..

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