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Please make sure your answers are correct: 1. Small cones -500 units, 2. Medium cones -700 units, 3. Large cones -600 units. Now, suppose you
Please make sure your answers are correct:
1. Small cones -500 units, 2. Medium cones -700 units, 3. Large cones -600 units. Now, suppose you are a store manager, and you happen to know from past sales data that the demands for frozen yogurt cones are as follows: 1. Small cones - Normally distributed with a mean of 400 units and standard deviation of 50 units, 2. Medium cones - Normally distributed with a mean of 600 units and standard deviation of 100 units, 3. Large cones - Normally distributed with a mean of 450 units and standard deviation of 100 units. [A] QUESTION 6 If on a given day, let us say pm is the stockout probability of medium cones, and ps is the stockout probability of small cones, then what is the relationship between pm and ps? d. None of the above QUESTION 7 On a given day, what is the probability that demand for large cones is less than or equal to mean demand for small cones? (round up your answer to 4 decimals) [A] QUESTION 8 is the inventory of medium cones that Braums should maintain ? [A] (round up to nearest integer)Step by Step Solution
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