Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Supermarket customers load their carts with goods totaling between $5 and $200, uniformly (and continuously) distributed; call this the raw order amount. Assume that customers purchase independently of each other. At checkout, 63% of customers have a loyalty card that gives them a 4% discount of their raw order amount. Also at checkout, 18% of customers have coupons that give them 7% off their raw order amount. These two discounts occur independently of one another, and a given customer could have one of them, both of them, or neither of them, to get their net order amount, the amount they actually end up paying. Construct a spreadsheet simulation to simulate 100 customers and collect statistics on the net order amount; these statistics should include the average, standard deviation, minimum, and maximum. Also include a histogram to describe the distribution of the net order amounts between $0 and $200 with an interval length of $25. How I can calculate the NET AMOUNT?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92496906

Have any Question?


Related Questions in Operation Management

A saudi oil tanker in the red sea was hit in a houthi

A Saudi oil tanker in the Red Sea was hit in a Houthi attack off Yemen's main port city of Hodeidah, Saudi-owned Al-Arabiya television reported on Tuesday, citing a statement from the Saudi-led coalition. The Iran-aligne ...

1 what is the type of business level strategy pursued by

1. What is the type of business level strategy pursued by Polaris & Victory. Explain using the dimensions of competitive scope and competitive advantage                                    2. What is the corporate level s ...

Hybrid assignmentnbsp - business case assignmentin relation

Hybrid Assignment  - Business Case Assignment In relation to the company you will be analyzing for your Employer SWOT assignments, identify an opportunity to draft as a business case. Reference the Business Case developm ...

1 explain why you think limited liability company such as

1. Explain why you think Limited Liability Company (such as pharmacy) type of association was selected by the people who started that business (because of the desire for shareholders, because of liability protection, etc ...

1 what are the key considerations when filing a cargo

1. What are the key considerations when filing a cargo claim? 2. Develop 10-15 PowerPoint slides describing the office of Regulatory Affairs medicine(ORA) its office and key functions. Create this slides as if you are go ...

Competition in retail can be direct or indirectthink of a

Competition in retail can be direct or indirect. Think of a product you typically buy. Under what circumstances would you buy another product as a substitute ?

1 what steps can megan take to improve team cohesiveness2

1. What steps can Megan take to improve team cohesiveness? 2. Define domestic transportation tariff and explain its role in domestic transportation services. Include the balancing of the role of contract services with tr ...

1 what types of job-related stress have you personally

1. What types of job-related stress have you personally experienced or witnessed? How did you manage or help manage it to an effective resolution? 2. How does differentiation cost leadership and integrated support a flow ...

1 explain the type of assurance opinions provided on

1. Explain the type of assurance opinions provided on Woodside Petroleum Ltd and AGL Ltd 2016 Sustainability Reports, the criteria used to assess the subject matter of the engagement and the assurance standards employed ...

1 artificial intelligence and decision support systems are

1. Artificial intelligence and decision support systems are examples of a class of systems known as knowledge management. However, it is said that knowledge management is a business process, not a technology. Do you agre ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As