A private hospital stocks a “code blue” resuscitation kit that has a normally distributed demand during the reorder period. The mean (average)demand during the reorder period is 350 kits, and the standard deviation is 10 kits. Suppose that the hospital administrator wants to follow a policy that results in stockouts only 10% of the time. What safety stock of the "code blue"resuscitation kit should the hospital maintain?A. Approximately 363 kitsB. Approximately 13 kitsC. Approximately 337 kitsD. Approximately 36 kits

let X be random variable denoted as stocks a “code blue” resuscitation kit. and it is normally…

Answered: Suppose that the hospital administrator…

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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A private hospital stocks a “code blue” resuscitation kit that has a normally distributed demand during the reorder period. The mean (average)
demand during the reorder period is 350 kits, and the standard deviation is 10 kits.

Suppose that the hospital administrator wants to follow a policy that results in stockouts only 10% of the time. What safety stock of the "code blue"
resuscitation kit should the hospital maintain?
A. Approximately 363 kits
B. Approximately 13 kits
C. Approximately 337 kits
D. Approximately 36 kits

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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