EBK MINDTAP FOR KELLER'S STATISTICS FOR
11th Edition
ISBN: 9780357110676
Author: KELLER
Publisher: VST
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Question
Chapter 7.1, Problem 41E
To determine
The expected value of profit.
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Am. 410.
Vary the “Capacity” of Storage from 70 to 94 in increments of 4. For each capacity level, perform 30 simulations and report the overall mean service level for Purchase Requests. (Recall that we assume the bakery has adequate capacity to supply these various amounts to the store because we have set “Number of objects per arrival” to 200.) Also report the overall mean cycle time of simulated loaves in Storage. What level of inventory do you recommend to achieve a service level of .99?
using 'standard Normal Table ' , calculate the following probabilities.
1. Pr(z < -1.12)
2. Pr(z >2.32)
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4.pr(-3.22 < z < 0.22)
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Chapter 7 Solutions
EBK MINDTAP FOR KELLER'S STATISTICS FOR
Ch. 7.1 - Prob. 1ECh. 7.1 - Prob. 2ECh. 7.1 - Prob. 3ECh. 7.1 - Prob. 4ECh. 7.1 - Prob. 5ECh. 7.1 - Prob. 6ECh. 7.1 - Prob. 7ECh. 7.1 - Prob. 8ECh. 7.1 - Prob. 9ECh. 7.1 - Prob. 10E
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