Mary's Bakery bakes cakes for 140 local supermarkets and sells them through the supermarkets on a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Mary's Bakery bakes cakes for 140 local supermarkets and sells them through the supermarkets on a consignment basis, which means she only gets paid for the cakes that sell. She destroys cakes that don't sell. People in this city love her cakes. She estimates a daily demand of 13,000 cakes with a standard deviation of 1,300 cakes. Suppose she produces 14,190 cakes. Using the Excel formula NORMDIST (level of production, mean, standard deviation, 1), calculate the expected service level. Mary's Bakery bakes cakes for 140 local supermarkets and sells them through the supermarkets on a consignment basis, which means she only gets paid for the cakes that sell. She destroys cakes that don't sell. People in this city love her cakes. She estimates a daily demand of 13,000 cakes with a standard deviation of 1,300 cakes. Suppose she produces 14,190 cakes. Using the Excel formula NORMDIST (level of production, mean, standard deviation, 1), calculate the expected service level.
Expert Answer:
Answer rating: 100% (QA)
To calculate the expected service level we need to determine the probability that the demand for cak... View the full answer
Related Book For
Introduction To Leadership Concepts And Practice
ISBN: 9781506330082
4th Edition
Authors: Peter G. Northouse
Posted Date:
Students also viewed these finance questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Judds Reproductions makes reproductions of antique tables and chairs and sells them through three sales outlets. The product line consists of two styles of chairs, two styles of tables, and three...

Beth Johnson takes out a 30year, $575,000 mortgage at 2.99%. Mortgage payments are due at the end of each month, starting with the first month. What is the amount of each mortgage payment? What is...

Repeat Prob. 529, but this time use the distortionenergy theory.

Replace the A with the proper expression such that the fractions are equivalent. x + 3bx  4b x  b x + 4b A

The thermal radiation from the earth's surface peaks at a wavelength of approximately \(10 \mu \mathrm{m}\). What is the energy of a photon at this wavelength? A. \(2.4 \mathrm{eV}\) B. \(1.2...

Mr. Michaels controls proxies for 40,000 of the 75,000 outstanding shares of Northern Airlines. Mr. Baker heads a dissident group that controls the remaining 35,000 shares. There are seven board...

Do you foresee that cybersecurity industry will experience fast growth in the next 4 years? and why?

A flight simulator is used to train pilots on how to recognize spatial disorientation. It has four degrees of freedom, and can rotate around a planetary axis as well as in yaw, pitch, and roll. The...

At yearend 2525 the company has Total assets of $6,900 financed by Debt of $3,200 and Stockholders equity of $3,700 . For 180 common shares outstanding, the equity pricetobook ratio at yearend...

The figure shows an 8.0 kg stone at rest on a spring. The spring is compressed 11 cm by the stone. (a) What is the spring constant? (b) The stone is pushed down an additional 28 cm and released. What...

The safety profile of a therapeutic often changes over time, as more and more data is collected and we come to better understand how a novel therapy acts in broader patient populations and over time....

First, watch the Dove Real Beauty Sketches video below. How did watching this video about strangers' interpretations of others influence your thoughts on selfidentity? (Utilize the components of...

Which is not a type of key? O Composite O Foreign Natural Relational O Surrogate O Candidate

A bond has a face amount of $1,000 and matures in 10 years. The semiannual interest payment is $42.5. What is the fair market value of the bond to yield a true interest rate of 8%?

In visual badic .NET: Pick one of the following functions or sub procedures, and write the code that would perform the condition. Write a function that will return the area of a rectangle. Write a...

At the beginning of the year, Lam Ltd. had total assets of $800,000 and total liabilities of $500,000. Use this information to answer each of the following independent questions. (a) If Lam's total...

Stephen Covey (1991) contended that effective leaders begin with the end in mind. These leaders have a deep understanding of their own goals and mission in life. How would you describe your own...

Think about what circumstances got you to where you are today. Do you have a past that some would describe as privileged? Or, would you say you are not privileged? Do you see your colleagues or...

This chapter suggests that it is important for leaders to reveal their strengths to others. As a leader, how do you feel about disclosing your strengths to others? How do you react when others...

Draw a timing diagram for a burst write operation that writes four locations.

Draw a UML sequence diagram for a burst read operation with wait states.

Draw a UML state diagram for a burst read operation with wait states. One state diagram is for the bus master and the other is for the device being read.
Study smarter with the SolutionInn App