5 Ernest runs a mojito bar He performs a weekly inventory count of the ingredients that go into the various drinks that he sells Here is info about the rum that he orders in bulk Average weekly demand 20 gallons Standard deviation of demand 5 gallons week Desired service probability 98 Current inventory 25 gallons Lead time 1 week He has no rum on order and no backorders Determine the amount of rum that should be ordered using the above information Round the z score and intermediate calculations to 2 decimal places and your final answer to the nearest whole number Amount of rum gallons

The Answer is in the image, click to view ...

Question: 5. Ernest runs a mojito bar. He performs a weekly inventory count of the ingredients that go into the various drinks that he sells. Here

5. Ernest runs a mojito bar. He performs a weekly inventory count of the ingredients that go into the various drinks that he sells. Here is info about the rum that he orders in bulk:


Average weekly demand	20	gallons
Standard deviation of demand	5	gallons/week
Desired service probability	98	%
Current inventory	25	gallons
Lead time	1	week

He has no rum on order and no backorders.

Determine the amount of rum that should be ordered using the above information. Round the z score and intermediate calculations to 2 decimal places and your final answer to the nearest whole number.

Amount of rum ______gallons

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Consider the function f : N Z defined as f ( x ) = x 4 + x 2 Use this information to answer the questions below. All answers should be yes or no . Is the function injective? ( yes / no ) Blank 1 Is...

Ernest runs a mojito bar. He performs a weekly inventory count of the ingredients that go into the various drinks that he sells. Here is info about the rum that he orders in bulk: He has no rum on...

Ernest runs a mojito bar. He performs a weekly inventory count of the ingredients that go into the various drinks that he sells. Here is info about the rum that he orders in bulk: Average weekly...

Ernest runs a mojito bar. He performs a weekly inventory count of the ingredients that go into the various drinks that he sells. Here is info about the rum that he orders in bulk:

MKTG522 Integrated Marketing Communications (IMC) Campaign Plan Topic Proposal Form: Week 1 Bhoomi Shah Identify and describe the selected brand. The Wall Street Bar is a bar, located in San Paulo,...

Supply Chain Management Introduction Outline What is supply chain management? Significance of supply chain management. Push vs. Pull processes utdallas.edu/~metin 1 A Generic Supply Chain Sources:...

The instructions are attached in the Division Performance Evaluation Division Performance Evaluation Project Using Excel In this assignment you will analyze the performance of PepsiCo or Marriott's...

The adjusted trial balance of Ernest Real Estate Appraisal at June 30, 2016, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. .... Requirement 1. Prepare the...

Ernest runs an art gallery. He organises exhibitions at which painters and sculptors show their work. If a piece of art work is sold, Ernest takes a commission of 50% of the selling price. He banks...

Healt h and healing iv Class 1 Depression & Bipolar 1 Case study 1 "Roller Coaster" Case Scenario1: ERNEST When Ernest Eaton's desperate wife finally got him to agree to a comprehensive inpatient...

Question 5: Ernest Ernest is seeking advice regarding the sale of his business and the tax consequences of an employment package. Sole traders business: Ernest has run his own business for over 20...

Campus Theater adjusts its accounts every month. Below is the companys unadjusted trial balance dated August 31, 2011? Additional information is provided for use in preparing the companys adjusting...

The proportion of defective microcomputer disks of a certain kind is believed to be anywhere from 0.06 to 0.10. The manufacturer wants to draw a random sample and estimate the proportion of all...

expert of accounting answer Orion Manufacturing is currently generating $800,000 in sales while operating at 90% of its fixed asset capacity. Fixed assets currently total $600,000. Sales are expected...

QUESTION ONE You are a part time student and a candidate scheduled to sit an exam in the next one week. You are working. You intend to take permission from work in the next two days to be able to...