Given that the daily demand for corn = 280 units. This has a standard deviation of 120 units with a review period of 7 d

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Given that the daily demand for corn = 280 units. This has a standard deviation of 120 units with a review period of 7 d

Post by answerhappygod »

Given that the daily demand for corn = 280 units. This has a standard deviation of 120 units with a review period of 7 days.
But at the review time only 115 were in stock. The acceptance rate was only 2% : find the number of units that must be ordered?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply