Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 18, 2023

The MAD for a forecast is one unit per week. If the lead time is one year, what will be the standard deviation of the

The MAD for a forecast is one unit per week. If the lead time is one year, what will be the standard deviation of the forecast error for one year (assuming 52 weeks in a year). Please include at least two decimal places in your answer.

Step by Step Solution

★★★★★

3.59 Rating (145 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the standard deviation of the forecast error for one year 52 weeks given ... 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

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

Operations Management

Authors: William J Stevenson, Mehran Hojati, James Cao

6th Canadian Edition

1259270157, 978-1259270154

More Books

Students also viewed these General Management questions

Question

2. Write a program that reads decimal numbers from the keyboard. Find and display the smallest number, the second smallest number, and the third smallest number of the set. The program ends if the...

Answered: 1 week ago

Question

★★★★★

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Answered: 1 week ago

Question

★★★★★

List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...

Answered: 1 week ago

Question

★★★★★

Write a well-developed paragraph that compares/contrasts a character from Good Country People with a character from Seventeen Syllables.

Answered: 1 week ago

Question

★★★★★

An alpha particle (which has two protons) is sent directly toward a target nucleus containing 92 protons. The alpha particle has an initial kinetic energy of 0.48pJ. What is the least...

Answered: 1 week ago

Question

★★★★★

Why did the company drag its heels on the later recalls? What was the purpose of the phantom contractor and the resulting unannounced recall?? p-258

Answered: 1 week ago

Question

★★★★★

1. Make sure there are no tables or work areas in the middle of traffic lanes; a person should not have to pass through one area to get to another.

Answered: 1 week ago

Question

★★★★★

Jane Marks has a restaurant in which she accepts credit cards and checks. Several of the places that Jane shops now accept debit cards and do not accept checks. Jane's banker explained that a debit...

Answered: 1 week ago

Question

★★★★★

idk how do these problems A survey found that women's heights are normally distributed with mean 63.8 in and standard deviation 3 2 in. The survey also found that mon's heights are normally...

Answered: 1 week ago

Question

★★★★★

The 21st Century Studios is about to begin the production of its most important (and most expensive) movie of the year. The movies producer, Dusty Hoffmer, has decided to use PERT/CPM to help plan...

Answered: 1 week ago

Question

★★★★★

8. Investment Criteria. A new furnace for your small factory will cost $27,000 a year to install and will require ongoing maintenance expenditures of $1,500 a year. But it is far more fuel-efficient...

Answered: 1 week ago

Question

★★★★★

5. Using the following data, calculate the breakeven point and margin of safety in units: Selling Price = $50 Variable Cost =$40 Fixed Cost = $70,000 Budgeted Sales = 7,500 units

Answered: 1 week ago

Question

★★★★★

Megan used to work at the local pizzeria for $30,000 per year but quit in order to start her own deli. Last year, she paid $6,000 rent each month, $5,500 for employee payroll each month, and $1,500...

Answered: 1 week ago

Question

★★★★★

Using a Motorcycle System, create a list of functional and physical terms, develop a functional hierarchy and a physical hierarchy for the Motorcycle System.

Answered: 1 week ago

Question

★★★★★

After also looking specifically at the report on pages 11 and 10, discuss the usefulness of the ESEA of 1965 as it relates to safety and security in the 2010's. Discuss the value of federal action...

Answered: 1 week ago

Question

★★★★★

Question 1: Discuss the Primary Factors Influencing Earth's Climate and How They Interact Question 2: Explain the Concept of Climate Models and Their Role in Predicting Future Climate Changes

Answered: 1 week ago

Question

★★★★★

Two years ago, Jack Peters borrowed $150,000 from the First National Bank which he used to buy equipment used in his business. Business slowed considerably this year, and Jack was unable to make...

Answered: 1 week ago

Question

★★★★★

Consider the following cash flows in Table P5.5. (a) Calculate the payback period for each project. (b) Determine whether it is meaningful to calculate a payback period for project D. (c) Assuming...

Answered: 1 week ago

Question

★★★★★

1. How do these companies develop mutual trust between their users (suppliers and consumers)? Name two or three ways. 2. Which side is potentially more at risk in the deal? 3. What is the effect of...

Answered: 1 week ago

Question

★★★★★

Describe value analysis.

Answered: 1 week ago

Question

★★★★★

What is involved in transportation execution and control?

Answered: 1 week ago

Question

★★★★★

6. Which types of memory are least impaired in people with amnesia?

Answered: 1 week ago

Question

★★★★★

18. What kind of cell releases cytokines?

Answered: 1 week ago

Question

★★★★★

3. How do epinephrine and cortisol enhance memory storage?

Answered: 1 week ago

Previous Question Next Question