Using the fixed-time-period inventory model, and given an average daily demand of 75 units, 10 days between inventory reviews, 2 days for lead time, 50 units of inventory on hand, a service probability of 95 percent, and a standard deviation of demand over the review and lead time of 8 units, which of the following is the order quantity?

85.560%

step-by-step explanation:

conditional probability is defined as:

p(a|b) = p(a∩b) / p(b)

in other words, the probability that a occurs, given that b has occurred = the probability that both a and b occur / the probability that b occurs.

in this example:

p(turns 64 | turns 44) = p(turns 64 & turns 44) / p(turns 44).

if someone turns 64, they must have already turned 44, so:

p(turns 64 | turns 44) = p(turns 64) / p(turns 44)

on page 42, we see that of the original 100,000, 94944 turn 44, and 81234 turn 64.   therefore:

p(turns 64 | turns 44) = 81234 / 94944

p(turns 64 | turns 44) = 0.85560

answer: your correct answer is b. d.

step-by-step explanation:

0 and 5 minutes

step-by-step explanation:

given that one morning eight buses arrive late by the number of minutes given below:

0 8 2 6 9 2 0 7 8

write these in ascending order

0   0 2 6 7 8 8 9

in the afternoon two more buses arrive at the bus stop say by x and y minutes late.

total number of buses = 10

median = average of 4th and 5th after arranging in ascending order

since 4th entry is 6, the values of x and y should be below 6

also given 0 is the mode so either x or y or both should be 0 because then only 0 gets the maximum frequency and hence mode

thus we have

0 0 0 2 6 7 8 8 9 and another unknown entry which is below 6.

since median is 3.5, we have the unknown entry to be 5 only because then only median =( 2+5)/2

thus the after noon buses were late by 0 and 5 minutes.