Question: please help solve. im really stuck. thank you D For the next 5 questions, use the following information. We need to determine the correct ordering
please help solve. im really stuck. thank you
D For the next 5 questions, use the following information. We need to determine the correct ordering quantity in Ned's grocery store. Ned buys his stock of fresh vegetables in the morning for $2 per kilogram and sells them through the day for $5 per kilogram. Any unsold vegetables are sold off at a sale price of $1 per kilogram at the end of the day. For Ned, the following daily demand values are equally likely: 30,40, 50, 60, and 70 kilograms. D Question 31 2 pts What should be Ned's target service level? 55% 65% O 75% 85% Question 32 2 pts Based on the information above, how many kilograms of vegetable should Ned order for the day? 40 50 60 O 70 Question 33 2 pts How many kilograms of fresh vegetables, on an average, does Ned expect to sell during the day? O 40 48 50 58 D Question 34 2 pts What is (approximately) Ned's Fill Rate, using the definition FR = E[Sales] / E[Demand]? 90% 96% 98% 100% Question 35 2 pts How much total profit does Ned expect to make in the day? O $115 $125 O $132 None of the above



Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
