Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The following steps need to be put into an Excel spreadsheet.

Your Moeing manager has asked you to complete one more project! Download this Part Data workbook that includes a single Moeing part with its corresponding characteristics. Using that spreadsheet, complete the following things for your Moeing manager.

1. Calculate the units of safety stock required for the part shown. Be sure to include a cell somewhere in the spreadsheet that allows you to input a desired confidence level. Enter a confidence level of your choice, making sure that it is between 50.0% and 99.9%.

2. In a column on your spreadsheet, create a vertical list of potential confidence levels, starting at 50.0% and ending at 99.9%. The vertical list of confidence levels should increase in increments of a tenth of a percent (e.g., 50.0%, 50.1%, 50.2%, etc).

3. In an appropriate row at the top of the confidence levels column described in #2 above, include a row of possible lead times, ranging from 0 months to 6 months. The row should increase by increments of 0.5 (eg., 0, .5, 1.0, 1.5, 2.0, 2.5....6.0). Organize the row so that you can create a data table of safety stock with lead time as the header row, and confidence level as the leading column.

4. Using the column of confidence levels, row of lead times, and your calculated safety stock (from #1 above), create a data table that shows the correct number of safety stock units required for EACH corresponding confidence level in the list and EACH corresponding lead time in the list. You MUST use a data table for this step, which means that there should be a safety stock formula in only a single cell in your entire spreadsheet (the safety stock cell in #1 above).

5. Create a line graph that depicts how the number of safety stock units changes with confidence levels. The line graph should reflect lead time at the given 2.5 months (that is the only lead time for which you need to graph safety stock). The horizontal axis on the graph should reflect the confidence level (between 50.0% and 99.9%), and the vertical axis should show the number of safety stock units required.

6. Make the graph you created in #4 clean, sharp, and professional. Be sure to include a graph title as well as labels for each axis.

7. In a cell or box on your spreadsheet, write at least one full paragraph that describes the shape of the graph. In the description, give a detailed and clear explanation about what happens to the safety stock as confidence level changes. Be specific.

8. In another cell or box on your spreadsheet, describe what happens to safety stock for different lengths of lead time.

9. When you are finished with the quiz in the provided spreadsheet, save the file with a new name to your computer. Submit this quiz and then go to the activity entitled "Data Tables Quiz Drop Box" and upload your spreadsheet. This must be done as soon as possible after submitting your test. Remember, you only have 30 minutes to work on the spreadsheet and upload it.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91589798
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

A manufacturer of cereal has a machine that when working

A manufacturer of cereal has a machine that, when working properly, puts 20 ounces of cereal on average into a box with a standard deviation of 1 ounce. Every morning workers weigh 25 filled boxes. If the average weight ...

Thinking specifically about disney theme parks how does

Thinking specifically about Disney theme parks, how does Disney connect with the target market? What are some of the challenges associated with Disney theme parks? Use examples.

Deyoung entertainment enterprises is considering replacing

DeYoung Entertainment Enterprises is considering replacing the latex molding machine it uses to fabricate rubber chickens with a newer, more efficient model. The old machine has a book value of $450,000 and a remaining u ...

How to calculate the sample space problem consider the

How to calculate the sample space? Problem: Consider the experiment of drawing two cards from a deck in which all picture cards have been removed and adding their values (with ace = 1)

What is the fraction defective if material hardness is

What is the fraction defective if material hardness is normally distributed with a mean of 42 and a standard deviation of 1 and the specification limits for hardness are from 35 to 45? What value for the process mean wil ...

In a health club research shows that on average patrons

In a health club, research shows that on average, patrons spend an average of 42.5 minutes on the treadmill, with a standard deviation of 4.8 minutes. It is assumed that this is a normally distributed variable. Find the ...

A shipment contains 11 tvs of which two are defective a

A shipment contains 11 TV's, of which two are defective. A sample of three TV's is selected at random. In how many ways can no defective TV's be chosen?

If all the data values in a population are converted to

If all the data values in a population are converted to? z-scores, the distribution of? z-scores will have what? mean? Choose the correct answer below. A. The mean of the? z-scores will be zero. B. The mean of the? z-sco ...

Assume in a particular year aprojecthas the following

Assume in a particular year aprojecthas the following financials: NOI o $700,000; Annual Bedt Service o $430,000 (of which $400k is intrest and 30k is priciple); original loan debt of 6.2M: 39 yr depreciable life: $8M no ...

You are offered the right to receive 3000 per year forever

You are offered the right to receive 3,000 per year? forever, starting in one year. If your discount rate is 3?%, what is this offer worth to? you? (round to the nearest dollar)

  • 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