Question: In a two bin inventory system, the demand for three-inch lag bolts during the two-week lead time is normally distributed, with an average of 7

In a two bin inventory system, the demand for
In a two bin inventory system, the demand for
In a two bin inventory system, the demand for
In a two bin inventory system, the demand for three-inch lag bolts during the two-week lead time is normally distributed, with an average of 7 units per week. The standard deviation of weekly demand is 6 units a. What is the probability of demand exceeding the reorder point when the normal level in the second bin is set at 110 units? Refer to the standard normal table as needed The probability is % (Enter your response rounded to two decimal places.) b. What is the probability of demand exceeding the 110 units in the second bin if it takes three weeks to receive a replenishment order? Refer to the standard normal table as needed The probability is % (Enter your response rounded to two decimal places.) Time Remaining:01 02 14 Next arch o 43F Cloudy 0.0 0.1 0.2 0.3 0.4 0.5 0.6 10.7 0.8 0.9 1.0 1.1 1.2 1.3 14 0.00 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 0.5000 0.5040 0.5080 0.5120 0.51600.5199 0.5239 0.5279 0.5319 0.5359 0.5398 0.5438 0.5478 0.5517 0.5557 0.5596 0.5636 0.5675 0.5714 0.5754 0.5793 0.58320.58710.5910 0.5948 0.5987 0.6026 0.6064 0.61030.6141 0.6179 0.6217 0.6255 0.6293 0.63310.6368 0.6406 0.6443 0.6480 0.6517 0.6554 0.6591 0.6628 0.6664 0.6700 0.6736 0.6772 0.6808 0.6844 0.6879 0.6915 0.6950 0.6985 0.7019 0.7054 0.7088 0.7123 0.7157 0.7190 0.7224 0.7258 0.72910.7324 0.7357 0.7389 0.7422 0.7454 0.7486 0.75180.7549 0.7580 0.7612 0.7642 0.7673 0.7704 0.7734 0.7764 0.77940.7823 0.7852 0.7881 0.79100.7939 0.7967 0.7996 0.80230.8051 0.8079 0.8106 0.8133 0.81590.8186 0.8212 0.8238 0.8264 0.8289 0.8315 0.8340 0.8365 0.8389 0.8413 0.8438 0.8461 0.8485 0.8508 0.8531 0.8554 0.8577 0.8599 0.8621 0.8643 0.8665 0.8686 0.8708 0.8729 0.8749 0.87700.8790 0.8810 0.8830 0.8849 0.8869 0.8888 0.8907 0.8925 0.8944 0.8962 0.89800.8997 0.90 15 0.9032 0.9049 0.90660.9082 0.9099 0.9115 0.91310.9147 0.9162 0.9177 19) | 927|h g. 1 (236 | A g 1 427 . T 1 (317 Print Done More Info 1:4 1.5 1.6 1.7 1.8 1.9 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 0.9192 0.9207 0.9222 0.9236 0.9251 0.9265 0.9279 0.9292 0.9306 0.9319 0.9332 0.9345 0.9357 0.9370 0.9382 0.9394 0.9406 0.9418 0.9430 0.9441 0.9452 0.9463 0.9474 0.9485 0.9495 0.9505 0.9515 0.9525 0.9535 0.9545 0.9554 0.9564 0.9573 0.9582 0.9591 0.9599 0.9608 0.9616 0.9625 0.9633 0.9641 0.9649 0.9656 0.9664 0.9671 0.9678 0.96860.9693 0.9700 0.9706 0.9713 0.9719 0.9726 0.9732 0.9738 0.9744 0.9750 0.9756 0.9762 0.9767 0.97730.9778 0.9783 0.9788 0.9793 0.9798 0.98030.9808 0.98120.9817 0.9821 0.9826 0.9830 0.98340.9838 0.9842 0.9846 0.9850 0.9854 0.9857 0.9861 0.9865 0.9868 0.98710.98750.9878 0.9881 0.9884 0.9887 0.9890 0.9893 0.9896 0.9898 0.9901 0.9904 0.9906 0.9909 0.9911 0.9913 0.9916 0.9918 0.99200.9922 0.9925 0.9927 0.9929 0.9931 0.9932 0.9934 0.9936 0.9938 0.9940 0.9941 0.9943 0.9945 0.9946 0.9948 0.9949 0.9951 0.9952 0.9953 0.9955 0.9956 0.9957 0.9959 0.9960 0.99610.9962 0.9963 0.9964 0.9965 0.9966 0.9967 0.9968 0.9969 0.99700.9971 0.9972 0.9973 0.9974 0.9974 0.9975 0.9976 0.9977 0.9977 0.9978 0.9979 0.9980 0.9980 0.9981 0.9981 0.9982 0.9983 0.9983 0.9984 0.9984 0.9985 0.9985 0.9986 0.9986 on07 Ann07 nanoz 0.000 binnen nonon SININNNI Locoon 2 Ono non non Anna Print Done

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!