Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The florist section stocks 40 dozen roses at the beginning of each week. These roses are sold only by dozen. On average, the florist sells

The florist section stocks 40 dozen roses at the beginning of each week. These roses are sold only by dozen. On average, the florist sells 8 dozens a day, but the actual demand follows a Poisson distribution. Whenever the stock level reaches 10 dozens, a new order of 40 new dozens is placed for delivery at the beginning of the following week. Because of the nature of the item, all roses left at the end of the week are disposed of. Determine the following:

  1. The probability that the stock is depleted before the 4th day of the week.
  2. The probability that no order will be placed by the end of the week (Hy-Vee opens 7days/week)
  3. The average number of dozen roses that will be discarded at the end of the week (Need excel)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Linear Algebra With Applications

Authors: Gareth Williams, Williams

9th Edition

1284120104, 9781284120103

More Books

Students also viewed these Mathematics questions

Question

To find integral of sin(logx) .

Answered: 1 week ago