Palin's Muffler Shop has one standard muffler that fits a large variety of cars. The shop wishes to establish a periodic review system tomanage inventory of this standard muffler. Use the information in the following table to determine the optimal inventory target level (ororder-up-to level).$ 85Ordering costService probabilityAnnual demand3,080mufflersper orderStandard deviation of daily demandmufflers per working day92 %per muffler% of item valueItem cost$35.00Lead time2working daysAnnual holding costReview period37Working days280per year23working daysa. What is the optimal target level (order-up-to level)? (Use Excel's NORMSINV() function to find the correct critical value for thegiven a-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest wholenumber.)Optimal target levelb. If the service probability requirement is 91 percent, the optimal target level will:DecreaseO IncreaseO Stay the same

Given: Annual demand=3080 mufflers Ordering cost =85 dollars per order Standard deviation of daily…

Answered: Palin's Muffler Shop has one standard…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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During one shift, the express lane clerk recorded how many times customers violated the "10 items or less" rule for his lane. In particular, he recorded how many items over the limit each violator placed on the conveyor belt. This data is summarized in the histogram below. NOTE: The last class actually represents "7 or more items," not just 7 items. Frequency SHIFT 14- 12 10- 8- 6 CAPS 0.5 1.5 2.5 3.5 4.5 5.5 5.5 6.5 7.5 #items over 10 Q What is the frequency of times the limit was exceeded by at least 2 items? 38°F Clear 4 ans 2H TAB 61 Check Answer ESC ! F1 ! Q A Z BEBEEEE F2 X 2 W S F3 # * 3 Q Search X E F4 LA 4 F5 с % R 5 LLI F6 T V 6 HCO F7 1111 4+ 7 Y F8 G H * 00 с F9 J B N
C8. According to the Pew Research Center (2015), recent immigrants are better educated than earlier immigrants to the United States. The change was attributed to the availability of better education in each region or country of origin. The percentage of immigrants 25 years of age and older who completed at least high school is reported in this table for 1970 to 2013. Write a statement describing the change over time in the percentage who completed at least a high school degree. 1970 1980 1990 2000 2013 Mexico 14 17 26 30 48 Other Central/South America 57 53 60 66 Asia 75 72 75 82 84 48 68 81 87 95 Europe 36 48 52 58 72 Caribbean 81 91 88 85 85 Africa Source: Pew Research Center, Modern Immigration Wave Brings 59 Million to U.S., Driving Population Growth and Change Through 2065, 2015. Retrieved from https://www.pewresearch.org/hispanic/2015/09/28/modern- immigration-wave-brings-59-million-to-u-s-driving-population-growth-and-change-through-2065/ 52
A recent report stated that in 1990, there were approximately 9.7 million employment opportunities in a Science, Technology, Engineering or Mathematics (STEM) related field. There is a reported 17.3 million positions available in a STEM related field in 2019. What is the relative change in the number of STEM positions available from 1990 to 2019? A. 7.6% B. 56.1% C. 43.9% D. 78.4%
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Exercise 5: Index Numbers Statistica displayed the following chart of the most dangerous jobs in America during 2020. The data is sourced from the U.S. Bureau of Labor Statistics and show the number of deaths on the job per 100,000 workers.
Joan's Nursery specializes in custom-designed landscaping for residential areas. The estimated labor cost associated with a particular landscaping proposal is based on the number of plantings of trees, shrubs, and so on to be used for the project. For cost-estimating purposes, managers use two hours of labor time for the planting of a medium-sized tree. Actual times from a sample of 10 plantings during the past month follow (times in hours). B, C, and D
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