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 224 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
:D TYSM

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

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.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

The male reproductive system. The male reproductive system.
Coffee and music Coffee and music
Chemistry: math review Chemistry: math review
The digestive system The digestive system
Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012 Percentage of Americans Living in Communities with a Fluoridated Water Supply, by State. 2012
Scientific Method Review Scientific Method Review
Video: Interpreting a cladogram Animation

For a complete list of videos, visit our video library