Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 03, 2024

E 2 Q4 Please answer all sections Thank you! Ken wants the probability of running out of dog food to be 0.03 . (a) If

E 2 Q4 Please answer all sections Thank you!

Ken wants the probability of running out of dog food to be 0.03 . (a) If the current order point is 395 pounds, what is the resulting service level? (Enter your answer as a percent. Round your answer to two decimal places.) % (b) If Ken wants a service level of 97% for dog food, what should the order point be? (Round your answer to the nearest whole number.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

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

Organizational Behavior

Authors: Andrzej A. Huczynski, David A. Buchanan

8th Edition

978-0273774815

Students also viewed these General Management questions

Question

=+d) Does the new point have a large residual? Explain. 10. The data for hard drives in Exercise 6 originally included a 200 GB (0.2 TB) drive that sold for $299.00 (see Chapter 4, Exercise 2).

Answered: 1 week ago

Question

★★★★★

Determining and interpreting fixed cost variances Sloan Company established a predetermined fixed overhead cost rate of $29 per unit of product. The company planned to make 7,000 units of product but...

Answered: 1 week ago

Question

★★★★★

ACCOUNTING Question 1 [35] Ms L Recluse decided to open a bric-a-brac store in Johannesburg. The following transactions took place during January 2021 for Black Widow Designs: 1. The owner, Ms...

Answered: 1 week ago

Question

★★★★★

Exercise 13-3 Computing and interpreting trend percents LO P1 Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 2015 $ 691,752 $ 461,168 $ 373,415 $ 249,776 $ 186,400 334,541 222,911...

Answered: 1 week ago

Question

★★★★★

You are a chairperson of source selection, evaluation board for a new jet engine. You had to brief a SSEB member on the procedures for protecting source selection, information what procedures would...

Answered: 1 week ago

Question

★★★★★

3. Plastex Corporation is considering expanding but wishes to control growth by imposing a limit on capital on capital expenditures of $500,000. The capital investment opportunities are: +...

Answered: 1 week ago

Question

★★★★★

Read this case, and just answer question 1 and 2, do not need to answer the rest of questions. 1.For HTC's hardware product revenue stream, what is the distinguishing factor that should be considered...

Answered: 1 week ago

Question

★★★★★

Pharmaceutical Benefits Managers (PBMs) are intermediaries between upstream drug manufacturers and downstream insurance companies. They design formularies (lists of drugs that insurance will cover)...

Answered: 1 week ago

Question

★★★★★

9 3 points 03:02:45 Skipped Javon Company set standards of 2 hours of direct labor per unit at a rate of $15.10 per hour. During October, the company actually uses 11,000 hours of direct labor at a...

Answered: 1 week ago

Previous Question Next Question