Question: please provide answer to question 2 Healthy Goods is a grocery and natural products store in Boulder, Colorado. Kenneth Scott founded Healthy Goods ten years

please provide answer to question 2 Healthy Goods

please provide answer to question 2 Healthy Goods

please provide answer to question 2

Healthy Goods is a grocery and natural products store in Boulder, Colorado. Kenneth Scott founded Healthy Goods ten years ago. He is really proud of how his business has grown over the years and of the great relationships he has established with local suppliers. His daughter, Evelyn, is currently enrolled in the MicroMasters in Supply Chain Management program and she believes it is time to focus on improving operations. Particularly, she would like to have a better grasp of the weekly demand distribution of different products in order to improve inventory management. She has decided to start by analyzing the demand for apples. She believes that weekly demand for apples follows a uniform distribution with a minimum value of 27 pounds and a maximum of 56 pounds. One of the specialty products offered by Healthy Foods is moxa, sticks made of ground mugwort leaves used in acupuncture treatments. Moxa is sold in boxes of 20 sticks. Weekly demand for moxa boxes follows a Poisson distribution with a mean of 3. What is the probability that no moxa boxes are sold in a certain week? Enter your answer as a decimal number with four decimal places (e.g. If the probability is 76.0483%, write 0.7605 in the answer box) if Healthy Goods keeps just 3 moxa boxes in stock, what is the probability of depleting the inventory of moxa boxes in a given week? That is, the probability that there will be no moxa boxes in stock at the end of the week Enter your answer as a decimal number with tour decimal places leg it the probability is 76.0483%, write 0.7605 in the answer box)

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!