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Anvils Works' requlres, on average, 2 , 5 0 0 tons of aluminum each week, with a standard deviatlon of 8 0 0 tons. The
Anvils Works' requlres, on average, tons of aluminum each week, with a standard deviatlon of tons. The lead tlme to
recelve its orders is uarr weeks. The holding cost for one ton of aluminum for one week is $ It operates with a instock probability.
a On average, how many tons does it have on order?
Note: Round your answer to nearest integer.
Answer is complete and correct.
Tons
b On average, how many tons does it have on hand?
Note: Round your answer to nearest integer.
Answer is complete but not entirely correct.
Tons
c If Its average Inventory was tons, what would be its average holding cost per week?
Note: Round your answer to nearest integer.
Answer is complete and correct.
Average holding cost per week
d If Its average Inventory was tons, what would be its average holding cost per ton of aluminum?
Note: Round your answer to decimal places.
Answer is complete but not entirely correct.
Average holding cost per ton
$
e Suppose Its onhand Inventory is tons, on average. What Instock probability does It offer to Its customers? Hint: use the
NORM.SDIST Excel function.
Note: Do not round intermedlate calculations or your z value. Round your final answer to decimal places.
Answer is complete but not entirely correct.
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