Question: Lieutenant Commander Data is planning to make his monthly (every 30 days) trek to Gamma Hydra City to pick up a supply of isolinear chips.
Lieutenant Commander Data is planning to make his monthly (every 30 days) trek to Gamma Hydra City to pick up a supply of isolinear chips. The trip will take Data about four days. Before he leaves, he calls in the order to the GHC Supply Store. He uses chips at an average rate of eight per day (seven days per week) with a standard deviation of demand of two per day. He needs a 95 percent service probability. a. If he currently has 35 chips in inventory, how many should he order? (Use Excer's NORMSINVO function to find the correct critical value for the given a-level. Do not round intermediate calculations. Round " value to 2 decimal places and final answer to the nearest whole number.) b. What is the most he will ever have to order? (Use Excel's NORMSINV0 function to find the correct critical value for the given alevel. Do not round intermediate calculations. Round " x value to 2 decimal places and final answer to the nearest whole number.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
