Question: If average weekly demand is 10,000 units and standard deviation of the weekly demand is 500 units, then standard deviation of demand over 7 days

If average weekly demand is 10,000 units and

If average weekly demand is 10,000 units and standard deviation of the weekly demand is 500 units, then standard deviation of demand over 7 days will be- Select one: a. 500/7 b. 500*Sqrt(7) C. 500/(7*7) d. 500*7*7 e. 500*7

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!

2. You realize that it would be better to compare this fixed interval inventory model with the fixed quantity inventory model. Using the same data as in question 1, That is, your cycle time is still...

your company has decided to use a periodic review system inventory approach. You have determine the average weekly demand is 30 units with a standard deviation of weekly demand of four units. You...

1. A garden center sells a clay orchid pot. Inventory is reviewed weekly and there is a one week lead time to receive orders. Average weekly demand is 20 units with a standard deviation of 10. On...

Northwoods Living is a country store specializing in knickknacks suitable for afarm-house decor. One item experiencing a considerable buying frenzy is a miniature Holstein cow. Average weekly demand...

it is production & inventory system course Question 1: The Farmer's Wife is a country store specializing in knickknacks suitable for a farm-house dcor. One item experiencing a considerable buying...

.. 12.13 Joe Henry's machine shop uses 2500 brackets during the course of a year. These brackets are purchased from a supplier 90 kilometres away. The following information is known about the...

The unit cost is 15 Problem 5. Joe Henry (see question 12.13) notices that the demand for the unit he is studying is not constant, but can reasonably be approximated by a normal distribution with...

Given the following inventory system: average weekly demand is 1000 units with a standard deviation of weekly demand of 100 units, review period is 4 weeks, lead time is 1 week, and the target...

HIGH.CV is a company that produces AED defibrillators , among them the model CV1, which has an annual demand of 15,000 units. A central warehouse in Charlotte, NC sends shipments nationwide to...

QM6616: Business Process & Operations Analysis FINAL EXAM - SPRING 2021 Part 3. SUPPLY CHAIN MANAGEMENT (30 POINTS TOTAL) HIGH.CV is a company that produces AED defibrillators , among them the model...

Give the structures, including stereochemistry, of compounds A and B in the following sequence of reactions: pyrndine LiBT SO,CI > compound B CH3)C

A deferred annuity consists of an ordinary annuity paying $2500 semiannually for a 12-year term after a 6- year period of deferral. Calculate the deferred annuity's present value using a discount...

Written law enacted by the legislative branch of government is the source of nearly all legal liability that auditors may be subject to . Group of answer choices True False

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...