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The company is celebrating the 300th national day of Norway and wants to include monetary prizes inside the potato chips bags sold at the oldest branch of a famous Norwegian supermarket. The bags will have a unique new design that celebrates the occasion. Any bag sold, regardless of whether it contain a prize or not, is immediately replaced with another one on the shelf so that the number of potato chips bags on display is always the same. The chips aisle is maintained so that at any time, 3 bags have a prize inside them. Each of those bags will have a check with a prize money of 10,000 euros inside it. What is the number of bags the company should make available on display for sale at a time to ensure that 40% of the time, the first bag with the prize is at least the 5000th bag sold?

The company is celebrating the 300th national day of Norway and wants to include monetary prizes inside the potato chips bags sold at the oldest branch of a famous Norwegian supermarket. The bags will have a unique new design that celebrates the occasion. Any bag sold, regardless of whether it contain a prize or not, is immediately replaced with another one on the shelf so that the number of potato chips bags on display is always the same. The chips aisle is maintained so that at any time, 3 bags have a prize inside them. Each of those bags will have a check with a prize money of 10,000 euros inside it. What is the number of bags the company should make available on display for sale at a time to ensure that 40% of the time, the first bag with the prize is at least the 5000th bag sold?

Mathematics For Machine Technology
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 38A: Two machines are used to produce the same product. One machine has a capability of producing 750...
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Please read it correctly and give me right answer I want full answer please and all details
You are expected to solve this assignment using MS EXCEL. A MS Word file is to be prepared, where you present the solutions and conclusions you obtained through solving this assignment on MS EXCEL Show all the relevant DETAILS of your solutions. Fizzy & Crispy Co. The beverage and snacks company "Fizzy & Crispy(" is one of the largest juices, drinks, and snacks producers in Norway. Their products are famous over all Europe. They are mainly known for their soft drinks and salty chips. Their oldest factory is now due for renewal because of quality control issues. Your team has been hired to help in the overhaul by assessing the conditions in the factory, and to work also as a consultant for their operations of that same factory. The team faced a difficult challenge and asked you, the Industrial Engineer, to help them out with it. The Challenge: The company is celebrating the 300th national day of Norway and wants to include monetary prizes inside the potato chips bags sold at the oldest branch of a famous Norwegian supermarket. The bags will have a unique new design that celebrates the occasion. Any bag sold, regardless of whether it contain a prize or not, is immediately replaced with another one on the shelf so that the number of potato chips bags on display is always the same. The chips aisle is maintained so that at any time, 3 bags have a prize inside them. Each of those bags will have a check with a prize money of 10,000 euros inside it. What is the number of bags the company should make available on display for sale at a time to ensure that 40% of the time, the first bag with the prize is at least the 5000th bag sold?
Transcribed Image Text:You are expected to solve this assignment using MS EXCEL. A MS Word file is to be prepared, where you present the solutions and conclusions you obtained through solving this assignment on MS EXCEL Show all the relevant DETAILS of your solutions. Fizzy & Crispy Co. The beverage and snacks company "Fizzy & Crispy(" is one of the largest juices, drinks, and snacks producers in Norway. Their products are famous over all Europe. They are mainly known for their soft drinks and salty chips. Their oldest factory is now due for renewal because of quality control issues. Your team has been hired to help in the overhaul by assessing the conditions in the factory, and to work also as a consultant for their operations of that same factory. The team faced a difficult challenge and asked you, the Industrial Engineer, to help them out with it. The Challenge: The company is celebrating the 300th national day of Norway and wants to include monetary prizes inside the potato chips bags sold at the oldest branch of a famous Norwegian supermarket. The bags will have a unique new design that celebrates the occasion. Any bag sold, regardless of whether it contain a prize or not, is immediately replaced with another one on the shelf so that the number of potato chips bags on display is always the same. The chips aisle is maintained so that at any time, 3 bags have a prize inside them. Each of those bags will have a check with a prize money of 10,000 euros inside it. What is the number of bags the company should make available on display for sale at a time to ensure that 40% of the time, the first bag with the prize is at least the 5000th bag sold?
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