Question: Q 2 . What does an order probability of 4 5 % mean? An inquiry from this customer turns into an actual order 4 5

Q2. What does an order probability of 45% mean?
An inquiry from this customer turns into an actual order 45% of the time.
The probability of this order is rejected by the customer is 45%.
The customer is likely to deny 45% orders from the company.
An inquiry from this customer does not turn into an actual order 45% of the time.
Q2. What does an order probability of 45% mean? An inquiry

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!

Q:

Consider the drug patch shown in the figure on the next page. The drug patch consists of a pure drug source mounted on top of a gel diffusion barrier. The gel diffusion barrier has a thickness of 2.0...

Q:

A right triangle is removed from a rectangle to create the shaded region shown below. Find the area of the shaded regioni Be sure to include the correct unit in your answer. If necessary, refer to...

Q:

REVIEW EXERCISE 2 I HAVE TYPED OUT THE TABLES AT THE BOTTOM FOR YOUR CONVENIENCE. THANKS IN ADVANCE. Parameter Notation Value Measurement Mean monthly demand Dmonth 762 units per month Answers Mean...

Q:

4 MULTIPLE LINEAR REGRESSION In this assignment, you will use multiple regression tools available in SPSS to examine the relationship between extinction time of land-bird species and average number...

Q:

passively On average, actively managed mutual funds have tended to managed index funds. 1) outperform 2) perform equivalently to 3) underperform 4) No consistent relationship between the performance...

Q:

3.10. Using the scheduled receipts, calculate the ATP. There are 45 units on hand. Week 1 2 3 4 5 6 7 8 Customer Orders 45 50 35 40 30 40 20 18 MPS 100 100 100 100 3.14. Given the following data,...

Q:

(Show workings and round to 2 decimal places) BT Inc. manufactures telephone sets. Regular and Specialized. The Managing Director wants to initiate a program of cost reduction at BT Inc. His plan is...

Q:

In the spring of 2020, Mohammed Khalid was an analyst at an investment bank who had recently graduated from the MBA program. As an initial assignment, his supervisor had given him the task of...

Q:

CASE PARTS EMPORIUM It is June 6, Sue McCaskey's first day in the newly created position of materials manager for Parts Emporium. A recent graduate of a prominent business school, McCaskey is eagerly...

Q:

2a. How many units can Kenny promise the customer in the first week? Enter the correct value in the input field with one correct decimal. Ans: 6400 2b. What is the forecast for week 7 using moving...

Q:

Stat 3500 Section 9 Exam 3 Instructor: Cheng Dong 1/8 . STAT 3500 Fall 2014 - Section 9 Introduction to Probability and Statistics II sh is ar stu ed d vi y re aC s o ou urc rs e eH w er as o. co m...

Q:

Name and define the terms programmed and non programmed decisions and provide three examples of each type of decision. What are the advantages of each type of decisions?

Q:

a) In Enviro-Vision v Coastal Insurance Company, what critical discovery ruling helps Coastal Insurance? b) Why is the ruling so important? c) What critical ruling helps plaintiff Beth Smiles? d) If...

Q:

In 2 0 2 4 , Henson Company made the following commitment to shareholders of a company it recently acquired: if Henson's 2 0 2 6 return on equity ( ROE ) exceeds 2 5 % , an additional 1 0 0 , 0 0 0...

Q:

Cane Company manufactures two products called Alpha and Beta that sell for $240 and $162, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the...