This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A gourmet food store uses a one-week periodic review system for its supply of coffee beans. There is ... (Read 231 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
on: Jun 24, 2018
A gourmet food store uses a one-week periodic review system for its supply of coffee beans. There is a five-day lead time for orders, and the store will allow two stockouts per year.
 a. What is the probability of a stockout associated with each replenishment decision?
  b. What is the replenishment level if demand during the review and lead-time periods is normally distributed with mean 120 pounds and standard deviation 8 pounds?
  c. How many pounds of beans should be ordered if there are 42 pounds of beans on hand?

Question 2

Assume that you have a binomial experiment with p = 0.4 and a sample size of 50 . The variance of this distribution is
 a. 20
  b. 12
  c. 3.46
   d. 2.83


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sultansheikh

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 2/52 = .0385
b. M = 120 + 1.77 (8) = 134.16
c. 134  40 = 94

Answer to Question 2

b


sc00by25

  • Member
  • Posts: 596
Reply 2 on: Jun 24, 2018
Excellent

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

The mammalian urinary system including the basic functional unit of the nephron. The mammalian urinary system including the basic functional unit of the nephron.
A mother Syrian hamster with pups under one week old. A mother Syrian hamster with pups under one week old.
The functional structure of the peripheral nervous system. (A) Afferent or sensory neurons carry sen The functional structure of the peripheral nervous system. (A) Afferent or sensory neurons carry sen
The Endocrine System The Endocrine System
Rupture of membranes before the 37th week of pregnancy Rupture of membranes before the 37th week of pregnancy
Many countries do not produce enough food and need to import food from the United States Many countries do not produce enough food and need to import food from the United States
Video: Interview with an Anorexic Woman (Part 2 of 2)

For a complete list of videos, visit our video library