Refer to the data in Solved Problem 13-1, which deals with Higgins Plumbing and Heating. Higgins has
Question:
Hot Water Number of
Heater Sales Weeks This
Per Week Number Was Sold
3 ............. 2
4 ............. 9
5 ............. 10
6 ............. 15
7 ............. 25
8 ............. 12
9 ............. 12
10 ............ 10
11 ............ 5
(a) Resimulate the number of stockouts incurred over a 20-week period (assuming Higgins maintains a constant supply of 8 heaters).
(b) Conduct this 20-week simulation two more times and compare your answers with those in part (a). Did they change significantly? Why or why not?
(c) What is the new expected number of sales per week?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Quantitative Analysis for Management
ISBN: 978-0133507331
12th edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
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