Question: A warehouse distributor of carpet keeps 6 000 yards of deluxe
A warehouse distributor of carpet keeps 6,000 yards of deluxe shag carpet in stock during a month. The average demand for carpet from the stores that purchase from the distributor is 4,500 yards per month, with a standard deviation of 900 yards. What is the probability that a customer’s order will not be met during a month? (This situation is referred to as a stockout.)
Answer to relevant QuestionsThe manager of the local National Video Store sells videocassette recorders at discount prices. If the store does not have a video recorder in stock when a customer wants to buy one, it will lose the sale because the ...The associate dean in the college of business at Tech is going to purchase a new copying machine for the college. One model he is considering is the Zerox X10. The sales representative has told him that this model will make ...The Valley Swim Club has 300 stockholders, each holding one share of stock in the club. A share of club stock allows the shareholder’s family to use the club’s heated outdoor pool during the summer, upon payment of ...Microcomp is a U.S.-based manufacturer of personal computers. It is planning to build a new manufacturing and distribution facility in either South Korea, China, Taiwan, the Philippines, or Mexico. It will take approximately ...In Problem 10, Ann Tyler, with the help of a financial newsletter and some library research, has been able to assign probabilities to each of the possible interest rates during the next year, as follows:Interest Rate (%) ...
Post your question