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Author Question: The risk of a stockout is the complement of a. the service level b. the chance of using safety ... (Read 141 times)

ARLKQ

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on: Jun 24, 2018
The risk of a stockout is the complement of
 a. the service level
 b. the chance of using safety stock
 c. the chance of underestimating demand
  d. the risk of a planned shortage

Question 2

Two percent of the parts produced by a machine are defective. Twenty parts are selected at random. Use the binomial probability tables to answer the following questions.
 a. What is the probability that exactly 3 parts will be defective?
  b. What is the probability that the number of defective parts will be more than 2 but fewer than 6?
  c. What is the probability that fewer than 4 parts will be defective?
  d. What is the expected number of defective parts?
  e. What is the variance for the number of defective parts?


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C.mcnichol98

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a

Answer to Question 2

a. 0.0065
b. 0.0071
c. 0.9974
d. 0.4
e. 0.392


ARLKQ

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  • Posts: 571
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

sultansheikh

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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