Question: Additional Algo 1 1 - 1 In - Stock Probability A grocer carries 9 , 4 0 0 different items in their store. In a

Additional Algo 11-1 In-Stock Probability
A grocer carries 9,400 different items in their store. In a normal week, demand occurs for 5,200 of these items. Of those 5,200 items, 200 are not available for the entire week and another 340 items are available for only part of the week.
What is the grocer's in-stock probability during a normal week?
Note: Round your answer as a percentage rounded to 1 decimal place.

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!

Q:

The Tuff Wheels was getting ready to start its development project for a new product to be added to its small motorized vehicle line for children. The new product is called the Kiddy Dozer. It will...

Q:

nw5 i Saved Help Save & Exit Submit A grocer carries 9,400 different items in their store. In a normal week, demand occurs for 5,200 of these items. Of those 5,200 items, 200 are not available for...

Q:

A manufacturer sells widgets for $295. The cost of a widget is $127 and the manufacturer turns its inventory 17.5 times per year. If the manufacturer's annual holding cost percentage is 38%. Round...

Q:

A grocer carries 9,100 different items in their store. In a normal week, demand occurs for 4,300 of these items. Of those 4,300 items, 125 are not available for the entire week and another 310 items...

Q:

A grocer carries 9,500 different items in their store. In a normal week, demand occurs for 5,500 of these items. Of those 5,500 items, 225 are not available for the entire week and another 350 items...

Q:

A grocer carries 9,300 different items in their store. In a normal week, demand occurs for 4,900 of these items. Of those 4,900 items, 175 are not available for the entire week and another 330 items...

Q:

A grocer carries 9,900 different items in their store. In a normal week, demand occurs for 6,700 of these items. Of those 6,700 items, 325 are not available for the entire week and another 390 items...

Q:

A grocer carries 9,400 different items in their store. In a normal week, demand occurs for 5,200 of these items. Of those 5,200 items, 200 are not available for the entire week and another 340 items...

Q:

A grocer carries 9,700 different items in their store. In a normal week, demand occurs for 6,100 of these items. Of those 6,100 items, 275 are not available for the entire week and another 370 items...

Q:

A grocer carries 9 , 7 0 0 different items in their store. In a normal week, demand occurs for 6 , 1 0 0 of these items. Of those 6 , 1 0 0 items, 2 7 5 are not available for the entire week and...

Q:

A grocer carries 9,000 different items in their store. In a normal week, demand occurs for 4,000 of these items. Of those 4,000 items, 100 are not available for the entire week and another 300 items...

Q:

Which of the entrepreneurial characteristics mentioned in the chapter describe you? Which of these characteristics can you develop more fully in advance of running your own business?

Q:

List and explain the stages of development in supplier partnerships.

Q:

Associate, Incorporated, has identified an investment project with the following cash flows. a . If the discount rate is 7 percent, what is the future value of these cash flows in Year 4 ? Note: Do...

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...