Suppose you have a final assembly that requires 8 components The inventory level of each of the components is managed in such a way that there is a 98 chance that the component is in stock at any point in time What is the likelihood that all 8 components are in stock so that you can make an assembly What is the likelihood that 7 or more of the 8 components needed to make an assembly are in stock

The Answer is in the image, click to view ...

Question: Suppose you have a final assembly that requires 8 components. The inventory level of each of the components is managed in such a way that

Suppose you have a final assembly that requires 8 components. The inventory level of each of the components is managed in such a way that there is a 98% chance that the component is in stock at any point in time.

What is the likelihood that all 8 components are in stock so that you can make an assembly?
What is the likelihood that 7 or more of the 8 components needed to make an assembly are in stock ?

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!

\f3nd Lecture What's cause production performance go south? VARIABILITY ASSESSMENT & ITS IMPACT 1 Books for this class 2 From previous lecture We learn about a method to evaluate the production...

please give solution to this whole question 14 chapter 6. coarse instruction 161 Why 1. Usip 14 TMC ABC Coily for the VEI. MES fondu Ye Master Production Schedule 1 2 3 We Number 4 5 6 Product 10 25...

please read chapter and answer the following questions. All answers must be typed. thank you, will give thumbs up. 1. What kind of structure, controls, and culture would you be likely to find in (a)...

Group: PERON A+ PERSON B +PERSON C 1- Introduction 2- Literature a. Definition of operation management b. Definition of operation strategy and why it is important c. Components of operations strategy...

Build and describe an Excel model to recommend quantitative target inventory levels under HP's current supply chain design for the 6 European options assuming a weekly (periodic review) replenishment...

informs Vol. 34, No. 3, May-June 2004, pp. 191-205 issn 0092-2102 \u0001 eissn 1526-551X \u0001 04 \u0001 3403 \u0001 0191 doi 10.1287/inte.1030.0068 2004 INFORMS Inventory Decisions in Dell's Supply...

Hello please help me complete this and I will happily leave a thumbs up ;) Thank you! Write a detailed paragraph on what Nissan could have done to better assess its supply chain distribution risk....

Unit 2: Designing the Operations Designing the operations of an organization or your department - precedes operational management. For .ll _ . example, suppose a wallet manufacture's mission is to '...

Hi Accounting experts, Badly needed your help here! Thank you so much in advance. QUESTION: How is break even analysis relevant in this case? How about the payback period in Capital Budgeting for the...

when an object is.................................in a fluid, it experiences an............................equal to the................................of the fluid.

Think of occasions on which you experienced each of the four types of reinforcement.

The following infomation was drawn from the year - end balance sheets of Walton trading co The following information was drawn from the year - end balance sheets of Walton Trading Company: \ table [...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...