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Problem 1 1 - 1 4 ( Algo ) Charlie's Pizza orders all of its pepperoni, olives, anchovies, and mozzarella cheese to be shipped directly
Problem Algo
Charlie's Pizza orders all of its pepperoni, olives, anchovies, and mozzarella cheese to be shipped directly from Italy. An American distributor stops by every six weeks to take orders. Because the orders are shipped directly from Italy, they take five weeks to arrive.
Charlie's Pizza uses an average of pounds of pepperoni each week, with a standard deviation of pounds. Charlie's prides itself on offering only the bestquality ingredients and a high level of service, so it wants to ensure a percent probability of not stocking out on pepperoni.
Assume that the sales representative just walked in the door and there are currently pounds of pepperoni in the walkin cooler. How many pounds of pepperoni would you order?
Note: Use Excel's NORM.SINV function to find the value. Do not round intermediate calculations. Round value to decimal places and final answer to the nearest whole number.
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