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intermediate calculations to 2 decimal places (e.g.. 0.58) and yo Ordered quantity pots

intermediate calculations to 2 decimal places (e.g.. 0.58) and yo Ordered quantity pots

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Daily demand for day-glo hyacinths at Florida Flo's Fluorescent Florals is 130 pots, with a daily 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
Transcribed Image Text:Daily demand for day-glo hyacinths at Florida Flo's Fluorescent Florals is 130 pots, with a daily 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
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