(Answered) Question suppose the demands in successive weeks for your

Statistics

Question: Suppose the demands in successive weeks for your product are normally distributed with mean 100 and standard deviation 20, and suppose your lead time for receiving a placed order is three weeks. A quantity of interest to managers is the lead-time demand, the total demanded over three weeks. Why does the formula for the standard deviation of lead time demand include a square root of 3? What assumptions are behind this?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92450365
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Suppose that 20 of men p20 and 15 of women p 15 are

Suppose that 20% of men (P=.20) and 15% of women (P= .15) are carriers of a particular genetic trait. That trait can only be inherited by a child if both parents are carriers. What is the probability that a child is born ...

A cell phone company offers 15 different voice packages and

A cell phone company offers 15 different voice packages and 15 different data packages. Of those, 6 packages include both voice and data. How many ways are there to choose either voice or data, but not both?

According to the polk company a survey of households using

According to the Polk Company, a survey of households using the Internet in buying or leasing cars reported that 81% were seeking information about prices. In addition, 44% were seeking information about products offered ...

Red tide is a bloom of poison-producing algae-a few

"Red tide" is a bloom of poison-producing algae-a few different species of a class of plankton called dinoflagellates. When the weather and water conditions cause these blooms, shellfish such as clams living in the area ...

On valentines day thenbspquiet nooknbsprestaurant offers

On Valentine's Day the Quiet Nook restaurant offers a Lucky Lovers Special that could save couples money on their romantic dinners. When the waiter brings the check he also brings a scratch-off ticket that the couple ...

Felcor stock is currently selling for 4000 a share but is

Felcor stock is currently selling for $40.00 a share but is expected to either decrease to $36 or increase to $44 a share over the next year. The risk-free rate is 4 percent. What is the current value of a 1-year call op ...

What is the sample size for studies with moe of -35 and -28

What is the sample size for studies with MOE of +/-3.5% and +/-2.8%, with a confidence level of 95%, sample statistics of 50. Suppose the category population was 7500 (less than 10,000)? Remember the FPC. What would be t ...

In a specific sample size of 100 what is the range within

In a specific sample size of 100, what is the range within the groups average iron level would be considered ususal? Using the Central Limit Theorem and the Empirical Rule

In a survey of 3175 adults1487 say they have paid their

in a survey of 3175 adults,1487 say they have paid their bills online in the last year. construct a 99% confidence interval for the population proportion.

A professional baseball pitcher takes 1566 seconds to throw

A professional baseball pitcher takes 15.66 seconds to throw each? pitch, on average. Assume the? pitcher's times per pitch follow the normal probability distribution with a standard deviation of 2.6 seconds. Complete pa ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert