Question: QUESTION 1 1 points Save Andwm During the spring. the demand for electric fans at a large home-improvement store is quite strong. The store tracks

 QUESTION 1 1 points Save Andwm During the spring. the demand

QUESTION 1 1 points Save Andwm During the spring. the demand for electric fans at a large home-improvement store is quite strong. The store tracks Inventory to order a new shipment of fans when the inventory level falls to the "reorder point". It the demand exceeds the inventory, the store lobes sales. The manager would like to reduce the probability of the shortage to 19%. (This policy In cafed the '99% service level" in operations management ) Assume that the domand is normally distributed with a mean of 500 and a standard deviation of 100, Find the reorder point. 0 1. 758 O G 733 Od. 898 1 points Sayn Anne QUESTION 2 The lifetime of traditional light bulbs measured in hours is known to be normally distributed with u-100 and o= 20. What Is the probability that a randomly selected traditional light bulb will have a lifetime of 85 hours or longer? You need to use a normal distribution table. Find the nearest answer, 4 006% O b. 89.43596 O G 22.663% O d. 77.337%% - 10.565%%

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 Economics Questions!