Question

In: Statistics and Probability

Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing...

Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the​ product: Lead time is normally distributed with an average of 4 weeks and a standard deviation of 1 week. Demand is also a variable and normally distributed with a mean of 150 cigars per week and a standard deviation of 25 cigars. Refer to the standard normal tableLOADING... for​ z-values. This exercise contains only parts a and b.

​a) For a 95​% service​ level, what is the​ ROP? The reorder point is nothing cigars ​(round your response to the nearest whole​ number).

Solutions

Expert Solution

note that reorder point = lead time × demand + safety stock

Since nothing about safety stock is given hence we have assumed safety stock to be zero.


Related Solutions

A cigar company stocks Cuban cigars that have variable lead times because of the difficulty in...
A cigar company stocks Cuban cigars that have variable lead times because of the difficulty in importing the product. Lead time is normally distributed with an average of 6 weeks and a standard deviation of 2 weeks. Average demand is also normally distributed with a mean of 200 cigars per week and a standard deviation of 25 cigars. a. For a 98% service level, what is the ROP? b. What is the ROP for a 90% service level? c. Explain what these two...
Question 13.4 Txt book) Halifax Cigar stocks Cuban cigars that have variable lead times because of...
Question 13.4 Txt book) Halifax Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of six weeks and a standard deviation of two weeks. Demand is also a variable and normally distributed with a mean of 200 cigars per week and a standard deviation of 25 cigars. a. For a 90% service level, what is the ROP? b. What is the ROP for a...
Because elderly people may have difficulty standing to have their height measured, a study looked at...
Because elderly people may have difficulty standing to have their height measured, a study looked at the relationship between overall height and height to the knee. Here are data (in centimeters) for five elderly men: Knee Height ? 56.5 46.3 41.2 47.7 52.7 Height ? 192.4 151.8 149.7 162.1 174.5 What is the equation of the least-squares regression line for predicting height from knee height? ANSWER: ?̂ =
Because elderly people may have difficulty standing to have their height measured, a study looked at...
Because elderly people may have difficulty standing to have their height measured, a study looked at the relationship between overall height and height to the knee. Here are data (in centimeters) for five elderly men: Knee Height x 57.2 45.7 42.9 45.6 52.4 Height y 191.6 153.7 145.2 163.6 174.3 What is the equation of the least-squares regression line for predicting height from knee height? ANSWER: ŷ =
Over the last month or so, the value of stocks have fallen because of the corona...
Over the last month or so, the value of stocks have fallen because of the corona virus? Which determinant(s) of aggregate demand are affected when the value of stocks fall? How has the drop in the value of stocks affected the aggregate demand curve?
We have seen a couple of times now that action potentials occur because of the rapid...
We have seen a couple of times now that action potentials occur because of the rapid switching of places of sodium and potassium ions across a plasma membrane (“Na+ IN, K+ OUT”). The influx of sodium into a cell causes depolarization of the membrane; the efflux of potassium out of a cell repolarizes the membrane. In your own words, describe how excess extracellular K+ would affect this process, if at all.
I am very frustrated because I have submitted this question multiple times and no one has...
I am very frustrated because I have submitted this question multiple times and no one has been able to help, or fully help with the question. They have helped only with addressing the September portion when I have specifically asked for help with the October portion as well. Can anyone help me with the Sousa Realty Mini Practice Set from the College Accounting A Practical Approach 13th Edition textbook by Slater in Chapter 5? Please September 1, 201X: James Sousa...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT