​Little's Law is important because it makes no assumptions about the probability distributions for arrivals and service​ times, the number of​ servers, or service priority rules.

Q: Construct a probability distribution for tossing 3 coins. Assume X be the number of tails.

A: here number of trials( number of times the coin is tossed)=3 in tossing a coin for once , the…

Q: #of Occupants 1 2 3 0.70 0.15 0.10 0.03 0.02 What is the mean number of occupants in a vehicle? 45…

A: given data, here data table and their probabilities are given we have to find out the mean for the…

Q: Let W be weight in kg, taken from 1000 student and W ~ N (50,25) 1. What is the median weight in kg?…

A: From the provided information, Mean (µ) = 50 Standard deviation (σ) = 25 W~N (50, 25)

Q: The following are the number of cars sold per day at ABC Motor corporation during the past 500…

A: Using formula for probability is :- probability, P(X)= frequency total frequency And ,     Mean =…

Q: Determine whether or not distribution represent a probability distribution then explain why

A: The conditions of valid probability distribution are- 0≤p≤1 ∑p=1

Q: George Tiao has 5 shares of stock A and 10 shares of stock B, whose price variations are modeled by…

A: A joint probability distribution table is constructed to find the marginal probabilities as well as…

Q: Let X denote the number of times a certain numerical control machine will malfunction: 1, 2, or 3…

A: Here we have to determine the covariance between X and Y. The formula for finding covariance(x, y)is…

Q: XYZ office supplies company leases copier machines to businesses. Leases are normally distributed…

A: Leases are normally distributed with mean 24 and variance 36 Define the Random Variable,  A : Lease…

Q: 6) A sports announcer researched the performance of baseball players in the World Series. The random…

A: Given:    Hits          0         1          2        3         4         5         6      7…

Q: (b) Find the probability that a randomly selected student received a business degree, given that the…

A:

Q: wo cards are drawn from a shuffled deck of cards. Make a probability distribution table where random…

A: Solution-: Two cards are drawn from a shuffled deck of cards. Make a probability distribution table…

Q: The following data represent the number of drivers involved in a fatal crash in 2016 in various…

A: Data about number of fatal crash in 2016 has been provided.Probability needs to be calculated for a…

Q: A geological study îndicates that an exploratory oil well drilled in a certain region should strike…

A: The random variables that are having a countable and finite number of values are called a discrete…

Q: Faith has purchased the insurance policy from an insurance company to cover the value of hers new…

A: Given information: The car's worth price is $23000 and the probability of totaling the car during…

Q: The purpose of this assignment is to know how to apply normal probability distribution concepts to a…

A: Given that the management team suggested order quantities are: 15,000, 18,000, 24,000, 28,000 units.…

Q: b. It was determined that, in his one day international cricket career, West-Indian batsman Carl…

A: An average of 3 boundaries per matchLet "x" be that Hooper will hit boundariesx~Poisson()P(X=x)=

Q: Assume that ticket prices for an event are normally distributed. What z-value corresponds to the 1%…

A: we have to find  z value..

Q: The following table shows the distribution of murders by type of weapon for murder cases in a…

A: b) The probability that a randomly selected murder resulted from a rifle is, P(rifle) = 0.026.

Q: A popular art museum in Izmir can accept 1,200 visitors a day. If this amount of traffic is…

A: We have given that  We want to use exponential distribution.  Mean = β Where  λ  = 1/β

Q: The driving time between Toronto and North Bay is found to range evenly between 195 and 240 mins. a.…

A: The given distribution is uniform distribution. X~U(a=195,b=240) Then, a. P(driving time≤210)=?The…

Q: Customers arrive at a checkout counter in a department store at an average of 7 customers per hour.…

A: The given information is about the arrivals in a checkout counter in a store. The average number of…

Q: Blood Type Probability O+ A+ 0.382 0.341 B+ O- A- AB+ B- 0.087 0.068 0.059 0.031 0.022 AB- 0.010 The…

A: It is given that a town with a very large population has the distribution of blood types.

Q: B. If the gondola is filled with 25 randomly selected skiers, what is the probability that their…

A: Central Limit Theorem for mean: If a random sample of size n is taken from a population having mean…

Q: customer service representative must spend different amounts of time with each customer to resolve…

A: Let x be the random variable denotes that the amount of spending time. The amount of time spent with…

Q: A random sample is one in which the A. probability that an item is selected for the sample is the…

A: Random Sample A sample is said to be a random sample if the items of the sample space are selected…

Q: Use the data in the following​ table, which lists​ drive-thru order accuracy at popular fast food…

A:

Q: utumn has purchased the insurance policy from an insurance company to cover the value of hers house…

A: Given: Price of insurance policy= $1600 house worth=$370000 probability that fire destroys the house…

Q: The probability histogram to the right represents the number of live births by a mother 47 to 51…

A: Given that A histogram is given here with no. Of child and probability.  By using basic probability…

Q: The following data set shows a random selection of delivery drivers from a particular pizza…

A: We want to tell you which one is the correct choice.

Q: Let X be the discrete r.v. that represents the number of Boys in a three-child family. Assume that…

A: The variable X is the number of Boys in a three-child family with the outcomes boys and girls are…

Q: Oxygen demand is a term biologists use to describe the oxygen needed by fish and other aquatic…

A: Given information μ = 9.9 mg/L 95% of the data ranging from 7.3 mg/L to 12.5 mg/L As per empirical…

Q: Oxygen demand is a term biologists use to describe the oxygen needed by fish and other aquatic…

A: Given Information: Mean oxygen demand μ=9.3 95% of the data ranging from 6.7 mg/L to 11.9 mg/L. Let…

Inventory Management

The supply chain is crucial to a firm's operations as it manages the inflow and outflow of products that are manufactured from the initial stage to the end product. It also considers the raw materials needed at different stages of production and when the work is in progress. Inventory management functions consist of ordering, storing, and procuring the organization's inventory like raw materials, factors, and finished products. It's also used for controlling the number of products for trade and helps manage the organization's inventory and stock. Inventory Management has been defined as having the right inventory, of the right volume, at the right cost.