QUESTION 3 A manager wishes to simulate 10 days of operation of an inventory system. The beginning inventory at the start of the first day is 69 units. Demand is known to be uniformly distributed in the range 4 to 8 units per day, inclusive. The random numbers used for the 10-day simulation are 0.25, 0.61, 0.09, 0.62, 0.72, 0.59, 0.33, 0.51, 0.17, 0.29. Assuming no new units are delivered during the 10-day simulation. The inventory at the end of the 5th day is: (Round your answer to 2 decimal places)

QUESTION 3 A manager wishes to simulate 10 days of operation of an inventory system. The beginning inventory at the start of the first day is 69 units. Demand is known to be uniformly distributed in the range 4 to 8 units per day, inclusive. The random numbers used for the 10-day simulation are 0.25, 0.61, 0.09, 0.62, 0.72, 0.59, 0.33, 0.51, 0.17, 0.29. Assuming no new units are delivered during the 10-day simulation. The inventory at the end of the 5th day is: (Round your answer to 2 decimal places)

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter5: A Survey Of Other Common Functions

Section5.3: Modeling Data With Power Functions

Problem 6E: Urban Travel Times Population of cities and driving times are related, as shown in the accompanying...

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Urban Travel Times Population of cities and driving times are related, as shown in the accompanying table, which shows the 1960 population N, in thousands, for several cities, together with the average time T, in minutes, sent by residents driving to work. City Population N Driving time T Los Angeles 6489 16.8 Pittsburgh 1804 12.6 Washington 1808 14.3 Hutchinson 38 6.1 Nashville 347 10.8 Tallahassee 48 7.3 An analysis of these data, along with data from 17 other cities in the United States and Canada, led to a power model of average driving time as a function of population. a Construct a power model of driving time in minutes as a function of population measured in thousands b Is average driving time in Pittsburgh more or less than would be expected from its population? c If you wish to move to a smaller city to reduce your average driving time to work by 25, how much smaller should the city be?
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Give at least three examples from economics where each of the following type of data can be used: cross-sectional data, time series data, and panel data.
Toward the middle of the harvesting season, peaches for canning come in three types, early, late, and extra late, depending on the expected date of ripening. During a certain week, the data to the right were recorded at a fruit delivery station. Complete parts (a) through (d) below. 40 trucks went out carrying early peaches; 71 carried late peaches; 52 carried extra late peaches; 26 carried early and late; 32 carried late and extra late; 11 carried early and extra late; 6 carried all three; 5 carried only figs (no peaches at all). a) How many trucks carried only late variety peaches? trucks (Type a whole number.) (b) How many carried only extra late? trucks (Type a whole number.) (c) How many carried only one type of peach? trucks (Type a whole number.) (d)How many trucks (in all) went out during the week? trucks (Type a whole number.)
Question Five The management of a supermarket wants to adopt a new promotional policy of giving free gift to every customer who spends more than a certain amount per visit at this supermarket. The expectation of the management is that after this promotional policy is advertised, the expenditure for all customers at this supermarket will be normally distributed with mean 400 £ and a variance of 900 £2. If the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?
Toward the middle of the harvesting season, peaches for canning come in three types, early, late, and extra late, depending on the expected date of ripening. During a certain week, the data to the right were recorded at a fruit delivery station. Complete parts (a) through (d) below. 40 trucks went out carrying early peaches; 76 carried late peaches; 64 carried extra late peaches; 31 carried early and late; 34 carried late and extra late; 13 carried early and extra late; 6 carried all three; 8 carried only figs (no peaches at all). a. How many trucks carried only late variety peaches? b. How many carried only extra late? c. How many carried only one type of peach? d. How many trucks (in all) went out during the week? Thank you so much