A perishable dairy product is ordered daily at a particular supermarket. The product costs $1.16 per unit and sells for $1.55 per unit. If units are unsold at the end of the day, the supplier takes them back at a rebate of $1 per unit. Assume that daily demand is approximately normally distributed with a = 150 and o = 30. (a) what is your recommended daily order quantity for the supermarket? (Vou may need to use the appropriate appendix table or technology to answer this question. Round your answer to the nearest integer.) Q* = [ (b) What is the probability that the supermarket will sell all the units it orders? (Round your answer to four decimal places.) P(stockout) =O (c) In problems such as these, why would the supplier offer a rebate as high as $1? For example, why not offer a nominal rebate? Find the recommended order quantity at 25t per unit. (Round your answer to the nearest integer.) Q* = What happens to the supermarket order quantity as the rebate is reduced? The higher rebate -Select- v the quantity that the supermarket should order.

A perishable dairy product is ordered daily at a particular supermarket. The product costs $1.16 per unit and sells for $1.55 per unit. If units are unsold at the end of the day, the supplier takes them back at a rebate of $1 per unit. Assume that daily demand is approximately normally distributed with a = 150 and o = 30. (a) what is your recommended daily order quantity for the supermarket? (Vou may need to use the appropriate appendix table or technology to answer this question. Round your answer to the nearest integer.) Q* = [ (b) What is the probability that the supermarket will sell all the units it orders? (Round your answer to four decimal places.) P(stockout) =O (c) In problems such as these, why would the supplier offer a rebate as high as $1? For example, why not offer a nominal rebate? Find the recommended order quantity at 25t per unit. (Round your answer to the nearest integer.) Q* = What happens to the supermarket order quantity as the rebate is reduced? The higher rebate -Select- v the quantity that the supermarket should order.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Concept explainers

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.

Question

A perishable dairy product is ordered daily at a particular supermarket. The product costs $1.16 per unit and sells for $1.55 per unit. If units are unsold at the end of the day, the supplier takes them back at a rebate of $1 per unit. Assume that daily demand is approximately normally distributed with u = 150 and o = 30.
(a) What is your recommended daily order quantity for the supermarket? (Vou may need to use the appropriate appendix table or technology to answer this question. Round your answer to the nearest integer.)
Q* =
(b) What is the probability that the supermarket will sell all the units it orders? (Round your answer to four decimal places.)
P(stockout) =
(c) In problems such as these, why would the supplier offer a rebate as high as $1? For example, why not offer a nominal rebate? Find the recommended order quantity at 25t per unit. (Round your answer to the nearest integer.)
Q* =|
What happens to the supermarket order quantity as the rebate is reduced?
The higher rebate -Select- v the quantity that the supermarket should order.

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