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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Frank wishes to view a frequency table for grouped data using the following investment rates (in percents). Use the calculator to draw a histogram for these values using 5 classes. 9.1,3.5,4.5,5.8,6.3,6.5,6.2,8.5,7.4,6.4 Frank wishes to purchase investments with only rates that are under 5.9%. If he invests $80 for each such investment, find his total cost?
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
Calculate and interpret relative measures of variability for the Daily Income for each of the three categories of Type of service.
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
If a researcher wants to find out the average monthly expenses of all university students in Edmonton, this average would be an example of ________ . a. samplecross out b. statisticcross out c. populationcross out d. parameter
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%
provide A and B both answer with explanation
For the following line graph, State at least one type of conclusion that could be made from the data provided for the KPI. Suggest one other data source that would provide more information to make data-driven decisions. Explain what information that source would supply. (I used the clustered bar chart) Examples: 1) The completion KPI measures the percentage of South Texas College students who finished their degree or certificate program within six years. From the line graph, it can be seen that the completion rates have remained nearly constant through the years. Data from the THECB was used in this case. 2) Information about the percentage of students who receive credit for attempted courses is available on the South Texas College KPI webpage. According to the data, over the past five years, an increasing number of students have been receiving credit for courses they have attempted. Data on the percentage of students who complete courses, the percentage of students who withdraw…
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.
The included table presents the percentage of each state’s residents who were living in poverty in 2002. The data includes a data value for the District of Columbia so there are 51 data values. Create a Frequency distribution and Cummultaive distribution of these data using EXCEL/ SPREADSHEET. Generate the following: Barchart of the Frequency Distribution Ogive of the Cummulative Distribution
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The owner of Showtime Movie Theaters, Inc., would lke to predict weekly gross revenue as a function of advertising expenditures Historical data for a sample of eight wecks follow Weekly Gross Revenue ($1,000s) Television Advertising ($1,000s) Newspaper Advertising ($1,000s) 96 5.0 1.5 90 2.0 2.0 95 4.0 1.5 92 2.5 2.5 95 3.0 3.3 94 3.5 2.3 94 2.5 4.2 94 3.0 2.5 The owner then used multiple regression analysis to predict gross revenue (y), in thousands of dollars, as a function of television advertising (x), in thousands of dolars, and newspaper advertising (x,), in thousands of dollars. The estimated regression equation was = 83.2 + 2.29x, + 1.30x. (a) What is the gross revenue (in dollars) expected for a week when $5,000 is spent on television advertising (x5) and $1,500 is spent on newspaper advertising (, 1.5)? (Round your answer to the nearest dollar.) $06600 (b) Provide a 95% confidence interval (in dolars) for the mean revenue of all weeks with the expenditures listed in part (a).…

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