Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Daily demand for day-glo hyacinths at Connie's Florals is 140 pots, with a daily standard deviation of 35 pots. There are 10 days between orders

Daily demand for day-glo hyacinths at Connie's Florals is 140 pots, with a daily standard deviation of 35 pots. There are 10 days between orders and the lead time is 10 days. At the time of review there are 70 pots in stock.

Ifa 99 percent service level during the vulnerable period is desired, how many pots should be ordered?

You would have to round the z score and intermediate calculations to 2 decimal places if necessary.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistics Informed Decisions Using Data

Authors: Michael Sullivan III

5th Edition

9780134133539

Students also viewed these General Management questions