QUESTION 15A manager wishes to simulate 10 days of operation of an inventory system. The beginning inventory at the start of thefirst day is 69 units. Demand is known to be uniformly distributed in the range 4 to 8 units per day, inclusive. Therandom numbers used for the 10-day simulation are 0.25, 0.61, 0.09, 0.62, 0.72, 0.59, 0.33, 0.51, 0.17, 0.29. Assuming nonew units are delivered during the 10-day simulation.The inventory at the end of the 5th day is:(Round your answer to 2 decimal places)

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Answered: QUESTION 15 A manager wishes to…

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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I have collected real data on the sale of a microwavable cup of soup across 20 different cities for the same time period (a month). The variables in the dataset are: Quantity sold in the city for that month: Measured in thousands of units Price: measured in dollars Average Income in the city: Measured in thousands of dollars Ads: Average number of ads run in stores for that city during that month. Price of a substitute product: measured in dollars Population of the city: measured in thousands of people The dataset is on Canvas and, using Excel or any other statistical software, please answer the following questions: 1. Describe the patterns in quantity sold and own and rival prices during this time period using basic descriptive statistics. Graphs are welcome as well. 2. Take the logs of the variables, and estimate the demand function. a. Interpret the R-square. b. Interpret the coefficients for logP and logPsub c. Interpret the p-values associated with each independent…
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Winston's assembly unit has decided to use a p-Chart with an a risk of 1% to monitor the proportion of defective metal shafts produced by their production process. The production manager randomly samples 200 metal shafts at 16 successively selected time periods and counts the number of defective metal shafts in the sample. Table Step 3 of 8: What is the Upper Control Limit? Round your answer to three decimal places. Answer How to ent Sample Defects 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 9 8 12 12 11 13 7 12 11 11 8 7 10 13 7 Control Chart 10 The average of the selected cell(s) is9.000. Copy Value X Copy Table Keypad ard Shortcuts step answers Control Chart mit Answer
Suppose the following table represents world oil production in millions of barrels a day for a recent period of time. Complete parts a and b. Region Oil Production (millions of barrels a day) Iran 6.97 Saudi Arabia 8.76 Other OPEC countries 21.77 Non-OPEC countries 53.53 Question content area bottom Part 1 a. Compute the percentage of values in each category. Region Oil Production (millions of barrels a day) Percentage Iran 6.97 enter your response here% Saudi Arabia 8.76 enter your response here% Other OPEC countries 21.77 enter your response here% Non-OPEC countries 53.53 enter your response here% (Round to two decimal places as needed.) Part 2 b. What conclusions can you reach concerning the production of oil in the specified time period? Oil production by non-OPEC countries accounted for ▼ less than a quarter more than half slightly less than half more than three dash quarters of total oil production. Oil production by OPEC countries other than Iran…
Given the following data and seasonal index: Month Sales Year 1 Year 2 Jan 8 8 Feb 7 9 Mar 5 6 Apr 10 11 May 9 12 June 12 16 July 15 20 Aug 20 25 Sept 4 4 Oct 3 2 Nov 8 7 Dec 9 9 (a) Compute the seasonal index using only year 1 data. (b) Determine the deseasonalized demand values using year 2 data and year 1's seasonal indices.
Overhead Door (OD) Corporation’s founder, C. G. Johnson, invented the upward-lifting garage door in 1921 and the electric garage door opener in 1926. Since then OD has been a leading supplier of commercial, industrial, and residential garage doors sold through a nationwide network of more than 450 authorized distributors. They have built a solid reputation as a premier door supplier, commanding 15 % share of the market. Suppose that customers assess door quality first in terms of the ease of operation, followed by its durability. The quality improvement team (QIT) might then assign an engineering team to determine the factors that contribute to these two main problems. Smooth operation of a garage door is a critical quality characteristic that affects both problems: If a door is too heavy, it’s difficult and unsafe to balance and operate; if it’s too light, it tends to buckle and break down frequently or may not close properly. Suppose the design engineers determine that a standard…

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