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Daily demand for day-glo hyacinths at Florida Flo's Fluorescent Florals is 130 pots, with a dally standard deviation of 15 pots. There are 10 days between orders and the lead time is 10 days. At the time of review there are 70 pots in stock. If a 90 percent service level during the vulnerable period is desired, how many pots should be ordered? Round the z score and Intermediate calculations to 2 decimal places (e.g. 0.58) and your final answer to the nearest whole number Ordered quantity pots

Daily demand for day-glo hyacinths at Florida Flo's Fluorescent Florals is 130 pots, with a dally standard deviation of 15 pots. There are 10 days between orders and the lead time is 10 days. At the time of review there are 70 pots in stock. If a 90 percent service level during the vulnerable period is desired, how many pots should be ordered? Round the z score and Intermediate calculations to 2 decimal places (e.g. 0.58) and your final answer to the nearest whole number Ordered quantity pots

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Daily demand for day-glo hyacinths at Florida Flo's Fluorescent Florals is 130 pots, with a dally standard deviation of 15 pots. There are 10 days between orders and the lead time is 10 days. At the time of review there are 70 pots in stock. If a 90 percent service level during the vulnerable period is desired, how many pots should be ordered? Round the z score and intermediate calculations to 2 decimal places (e.g. O.58) and your final answer to the nearest whole number Ordered quantity pots
Transcribed Image Text:Daily demand for day-glo hyacinths at Florida Flo's Fluorescent Florals is 130 pots, with a dally standard deviation of 15 pots. There are 10 days between orders and the lead time is 10 days. At the time of review there are 70 pots in stock. If a 90 percent service level during the vulnerable period is desired, how many pots should be ordered? Round the z score and intermediate calculations to 2 decimal places (e.g. O.58) and your final answer to the nearest whole number Ordered quantity pots
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