Question: Help with this Question! 55 units is not the answer and i cant figure out why its wrong or what the right answer is? Will

Help with this Question!

55 units is not the answer and i cant figure out why its wrong or what the right answer is?

Will thumbs up!

Help with this Question! 55 units is not the answer and i

cant figure out why its wrong or what the right answer is?

One item a computer store sells is supplled by a vendor who handles only that item. Demand for that item recently changed, and the store manager must determine when to replenish it. The manager wants a probability of at least 96 percent of not having a stockout during lead time. The manager expects demand to average a dozen units a day and have a standard deviation of two units a day. Lead time is varlable, averaging four days with a standard deviation of one day. Assume normality and that seasonality is not a factor. Use Table. o. When should the manager reorder to achieve the desired probability? (Round your intermediate calculations and final answer to 2 decimal places.) b. Which of the following assumptions would be violated if seasonality were present? Demand and lead time independence Constant demand Constant lead time \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hlinez & .00 & .01 & .02 & .03 & .04 & .05 & .06 & .07 & .08 & .09 \\ \hline 0 & 5000 & .5040 & .5080 & .5120 & .5160 & .5199 & .5239 & 5279 & .5319 & .5359 \\ \hline .1 & .5398 & .5438 & .5478 & .5517 & .5557 & .5596 & .5636 & 5675 & .5714 & .5753 \\ \hline .2 & .5793 & .5832 & .5871 & .5910 & .5948 & .5987 & .6026 & .6064 & .6103 & .6141 \\ \hline 3 & .6179 & .6217 & .6255 & .6293 & .6331 & .6368 & .6406 & .6443 & 6480 & .6517 \\ \hline .4 & .6554 & .6591 & .6628 & .6664 & .6700 & .6736 & .6772 & .6808 & 6844 & .6879 \\ \hline .5 & .6915 & .6950 & .6985 & 7019 & .7054 & .7088 & .7123 & 7157 & .7190 & .7224 \\ \hline 6 & .7257 & .7291 & .7324 & .7357 & .7389 & .7422 & .7454 & 7486 & .7517 & .7549 \\ \hline .7 & .7580 & .7611 & .7642 & .7673 & .7703 & .7734 & .7764 & 7794 & .7823 & .7852 \\ \hline 8 & 7881 & .7910 & .7939 & .7967 & .7995 & 8023 & 8051 & 8078 & 8106 & 8133 \\ \hline .9 & 8159 & .8186 & .8212 & 8238 & .8264 & 8289 & .8315 & 8340 & 8365 & .8389 \\ \hline 1.0 & 8413 & .8438 & .8461 & 8485 & .8508 & .8531 & .8554 & 8577 & 8599 & .8621 \\ \hline 1.1 & 8643 & .8665 & .8686 & 8708 & .8729 & 8749 & 8770 & 8790 & 8810 & .8830 \\ \hline 1.2 & 8849 & .8869 & .8888 & 8907 & 8925 & 8944 & 8962 & 8980 & 8997 & .9015 \\ \hline 1.3 & .9032 & .9049 & .9066 & .9082 & .9099 & .9115 & .9131 & 9147 & 9162 & .917 \\ \hline 1.4 & 9192 & .9207 & .9222 & .9236 & .9251 & .9265 & .9279 & 9292 & 9006 & .9319 \\ \hline 1.5 & .9332 & .9345 & .9357 & .9370 & .9382 & .9394 & .9406 & 9418 & 9429 & .9441 \\ \hline 1.6 & .9452 & .9463 & .9474 & .9484 & .9495 & .9505 & .9515 & 9525 & .9535 & .9545 \\ \hline 1.7 & .9554 & .9564 & .9573 & .9582 & .9591 & .9599 & .9608 & 9616 & .9625 & .9633 \\ \hline 1.8 & .9641 & .9649 & .9656 & .9664 & .9671 & .9678 & .9686 & 9693 & 9699 & .9706 \\ \hline 1.9 & .9713 & .9719 & .9726 & .9732 & .9738 & .9744 & .9750 & 9756 & 9761 & 9767 \\ \hline 20 & .9772 & .9778 & .9783 & .9788 & .9793 & .9798 & .9803 & 9808 & .9812 & .9817 \\ \hline 21 & $821 & .9826 & .9830 & .9834 & .9838 & .9842 & .9846 & 9850 & 9854 & .9857 \\ \hline 2.2 & 9861 & .9864 & .9868 & .9871 & .9875 & .9878 & .9881 & 9884 & .9887 & .9890 \\ \hline 23 & .9893 & .9896 & .9898 & .9901 & .9904 & .9906 & .9909 & 9911 & 9913 & .9916 \\ \hline 24 & .9918 & .9920 & .9922 & 9925 & .9927 & .9929 & .9931 & 9932 & .9934 & .9936 \\ \hline 2.5 & 9938 & .9940 & .9941 & .9943 & 9945 & .9946 & .9948 & 9949 & 9951 & .9952 \\ \hline 2.6 & .9953 & .9955 & .9956 & .9957 & .9959 & .9960 & .9961 & 9962 & .9963 & .9964 \\ \hline 27 & .9965 & .9966 & .9967 & .9968 & .9969 & .9970 & .9971 & 9972 & .9973 & .9974 \\ \hline 28 & .9974 & .9975 & .9976 & .9977 & .9977 & .9978 & .9979 & 9979 & .9980 & .9981 \\ \hline 29 & .9981 & .9982 & .9982 & .9983 & 9984 & .9984 & .9985 & 9985 & .9986 & .9986 \\ \hline 3.0 & .9987 & .9987 & .9987 & .9988 & .9988 & .9989 & .9989 & 9989 & .9990 & .9990 \\ \hline 3.1 & .9990 & .9991 & .9991 & 9991 & .9992 & .9992 & .9992 & 9992 & 9993 & .9993 \\ \hline 3.2 & .9993 & .9993 & .9994 & .9994 & .9994 & .9994 & .9994 & 9995 & .9995 & .9995 \\ \hline 3.3 & .9995 & .9995 & .9995 & .9996 & .9996 & .9996 & .9996 & 9996 & .9996 & .9997 \\ \hline 3.4 & .9997 & .9997 & .9997 & .9997 & .9997 & .9997 & 9997 & 9997 & 9997 & .9998 \\ \hline \end{tabular}

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!

I really need help with this question. I got the first 4 right, but can not figure out the rest. Someone please help! Week 7 Graded Homework Cash Budget The Peoria Supply Company sells for $30 one...

Business Event Analysis: Complete the following table based on the specified NBD event. Receive Shipment (From Supplier) Trigger(s) (also indicate type) Collected Data (originates as input for event)...

THIS NEEDS TO BE WRITTEN MATERIAL AND APA REFEENCES Management Accounting does not have a body of standards such as those put out by the FASB or IASB. However, there is and has been a substantial...

This journal should reflect upon what we learned in chapter 5 below, on Immanuel Kant in the Sandel book. As you write your journal in the direction that you like, please follow the following...

In his 1996 yearend column for Forbes, merchant banker and economist John Rutledge describes two weeks of negotiations over an acquisition for a private equity fund. The hours of bargaining were...

need help on stats 243 project Project Conditional (non independent) Probability COMID's been pushing us around for (as write this just about 2 years. And I know that we're all sick as hell of...

PSYC 421 ITEM DEVELOPMENT AND Student Name: ANALYSIS WORKSHEET Section: PSYC421- LaTarsha Jones D02 PART 1: Writing Multiple Choice Test Items (Cohen et al., 2013, pg. 252) Develop one multiple...

I will rate your answer please read and answer questions Read here Questions here Reading Games: Strategies for Reading Scholarly Sources Karen Rosenberg IF AT FIRST You FALL ASLEEP... During my...

Question 5 (1 point) At the farmer's market in Irvine, California, the price of avocados is set at $3 each. At that price, 120 avocados are supplied but only 100 are purchased. Represent this on a...

Question1:Analyzethereasonswhytheshort-termprojectthatyouhavechosenmightberankedhigherundertheNPVcriterionifthecostofcapitalishigh,whilethelong-termprojectmightbedeemedbetterifthecostofcapitalislow.De...

Cool Spring Company produces premium bottled water. In the second department, the Bottling Department, conversion costs are incurred evenly throughout the bottling process, but packaging materials...

True or false? a. Decision trees can help identify and describe real options. b. The option to expand increases PV. c. High abandonment value decreases PV. d. If a project has positive NPV, the firm...

If market prices are not readily avaliable for fair value measurements, management should use: Multiple Choice suditors' best estimetes. their own assumptions as long as there are no contriry dita....

A well-known financial writer argues that he can earn 101 percent per year buying wine by the case. Specifically, he assumes that he will consume one $8 bottle of fine Bordeaux per week for the next...