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

Author Question: The Super Discount store (open 24 hours a day, every day) sells 8-packs of paper towels, at the rate ... (Read 87 times)

tingc95

  • Hero Member
  • *****
  • Posts: 556
on: Jun 24, 2018
The Super Discount store (open 24 hours a day, every day) sells 8-packs of paper towels, at the rate of approximately 420 packs per week. Because the towels are so bulky, the annual cost to carry them in inventory is estimated at .50 . The cost to place an order for more is 20 and it takes four days for an order to arrive.
 a. Find the optimal order quantity.
  b. What is the reorder point?
  c. How often should an order be placed?

Question 2

Twenty percent of the applications received for a particular position are rejected. What is the probability that among the next fourteen applications,
 a. none will be rejected?
  b. all will be rejected?
  c. less than 2 will be rejected?
  d. more than four will be rejected?
  e. Determine the expected number of rejected applications and its variance.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blazinlyss

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. Q = 1322
b. r = (60)(4) = 240
c. T = 365(1322)/21840 = 22 days

Answer to Question 2

a. 0.0440
b. 0.0000
c. 0.1979
d. 0.1297
e. 2.8, 2.24


tingc95

  • Member
  • Posts: 556
Reply 2 on: Jun 24, 2018
Gracias!

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
How would you rate your overall health?” The percent of adults answering “excellent” or ... How would you rate your overall health?” The percent of adults answering “excellent” or ...
Hold baby’s hands and (A) cross arms over chest and then (B) open out to the sides. Repeat several ... Hold baby’s hands and (A) cross arms over chest and then (B) open out to the sides. Repeat several ...
How to convert units of any rate to another (Part 3) How to convert units of any rate to another (Part 3)
A peice of paper has a perimeter of 100 cm and an area of 616cm^2. Find the dimensions A peice of paper has a perimeter of 100 cm and an area of 616cm^2. Find the dimensions
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Electrical changes in the heart

For a complete list of videos, visit our video library