Answered: What value of Z should be applied? ▼…

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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Part 2

a) What value of Z should be applied?

▼

1.28?

2.06?

1.04?

or 1.65?

Part 3

b) How many drives should be carried as safety stock?

___________

units (round your response to the nearest whole number).

Part 4

c) What is the appropriate reorder point?

_________

units (round your response to the nearest whole number).

Z-Table
888888888p
NN
Print
(2)¹
382888888888

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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