Weekly demand for a particular item averages 30 units, with a standard deviation of 4. This item is managed with a fixed-order-i
1 answer:
Answer:
(B)93
Explanation:
Since we are using a fixed-order-interval model,
The Amount to Order=Expected Demand During protection Interval+Safety Stock-Amount at Hand
Where:
d=weekly demand
OI=Order Interval
LT=Lead Time
z=Standard Deviation of Desired Service Level
=Standard Deviation of weekly Demand
A= Amount at Hand
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Answer:
a) P(X<50)=0.9827
b) P(X>47)=0.4321
c) P(-1.5<z<1.5)=0.8664
Step-by-step explanation:
We will calculate the probability based on a random sample of one moped out of the population, normally distributed with mean 46.7 and standard deviation 1.75.
a) This means we have to calculate P(x<50).
We will calculate the z-score and then calculate the probability accordign to the standard normal distribution:
b) We have to calculatee P(x>47).
We will calculate the z-score and then calculate the probability accordign to the standard normal distribution:
c) If the value differs 1.5 standard deviations from the mean value, we have a z-score of z=1.5
So the probability that maximum speed differs from the mean value by at most 1.5 standard deviations is P(-1.5<z<1.5):
Answer:
The correlation coeffcient for this case was provided:
r =0.934
And this coefficient is very near to 1 the maximum possible value, so then we can interpret that the relationship between the entrace exam score and the grade point average are strongly linearly correlated .
We can also find the who represent the determination coefficient and we got:
And the interpretation for this is that a linear model explains appproximately 87.2% of the variability between the two variables
Step-by-step explanation:
Previous concepts
The correlation coefficient is a "statistical measure that calculates the strength of the relationship between the relative movements of two variables". It's denoted by r and its always between -1 and 1.
And in order to calculate the correlation coefficient we can use this formula:
The correlation coeffcient for this case was provided:
r =0.934
And this coefficient is very near to 1 the maximum possible value, so then we can interpret that the relationship between the entrace exam score and the grade point average are strongly linearly correlated .
We can also find the who represent the determination coefficient and we got:
And the interpretation for this is that a linear model explains appproximately 87.2% of the variability between the two variables