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 233 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

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

A Microelectromechanical system A Microelectromechanical system
The Uranian ring system The Uranian ring system
The autonomic nervous system with its sympathetic and parasympathetic divisions The autonomic nervous system with its sympathetic and parasympathetic divisions
Electronegativity Chart (Periodic Table) Electronegativity Chart (Periodic Table)
Selected Central Nervous System Neurotransmitters and Their Functions Selected Central Nervous System Neurotransmitters and Their Functions
The system moves at 1.50 2 m/s while the inclined planes are rough. a) Determine the ... The system moves at 1.50 2 m/s while the inclined planes are rough. a) Determine the ...
Video: Functional zones in a mitochondrion

For a complete list of videos, visit our video library