Cindy’s favorite product in the store is the carrot cookie. Healthy Goods started selling carrot cookies just a few months ago, and they have not kept track of the sell out data. Cindy has been chatting with a few of the cashiers to get a sense of the overall demand for carrot cookies. The cashiers told her the store usually sells around 100 carrot cookies per week, although during the best selling week they can recall 204 carrot cookies were sold, and during a bad week only 49 cookies were sold. If they plan to have 85 cookies in inventory every week, what would be the probability of not fulfilling all the weekly demand?
Cindy’s favorite product in the store is the carrot cookie. Healthy Goods started selling carrot cookies just a few months ago, and they have not kept track of the sell out data. Cindy has been chatting with a few of the cashiers to get a sense of the overall demand for carrot cookies. The cashiers told her the store usually sells around 100 carrot cookies per week, although during the best selling week they can recall 204 carrot cookies were sold, and during a bad week only 49 cookies were sold. If they plan to have 85 cookies in inventory every week, what would be the probability of not fulfilling all the weekly demand?
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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Cindy’s favorite product in the store is the carrot cookie. Healthy Goods started selling carrot cookies just a few months ago, and they have not kept track of the sell out data. Cindy has been chatting with a few of the cashiers to get a sense of the overall demand for carrot cookies. The cashiers told her the store usually sells around 100 carrot cookies per week, although during the best selling week they can recall 204 carrot cookies were sold, and during a bad week only 49 cookies were sold. If they plan to have 85 cookies in inventory every week,
what would be the probability of not fulfilling all the weekly demand?
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