The Daily Sales of a Peanut Butter at Power's Grocery

question 49

Short Answer

The daily sales of a peanut butter at Power's Grocery are normally distributed, with a mean of 12 jars and a standard deviation of 4. The manager checks the inventories on shelves and places an order every three days. Delivery lead time is two days.
-The daily demand for a product is normally distributed with a mean of 80 and a standard deviation of 8. Constant lead time is 4 days. The cost of placing an order is $20. The item costs $8 and the carrying rate per year is 10% of the item cost. Determine the economic order quantity for a 365-day year.

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Definitions:

Diet

A regulated selection of foods and drinks consumed for nutrition or health purposes.

Begging the Question

A logical fallacy where the argument's conclusion is assumed in one of its premises, often leading to circular reasoning.

Darth Vader

A fictional character in the Star Wars franchise, originally a Jedi named Anakin Skywalker who turns to the dark side.

Luke Skywalker

A fictional character from the "Star Wars" universe, known as a Jedi who plays a pivotal role in the defeat of the Galactic Empire.