​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: Hatfield Swindon Wigan Total Managers Packers 12 17 21 50 38 43 64 145 Drivers 30 45 40 115 Total 80…

A: It is been asked to find the probability that a randomly chosen employee works at Hatfield and the…

Q: (a) Determine the probability that a randomly selected fatal crash in 2016 occurred in normal…

A: The data is given on the no. of drivers involved in a total crash in 2016.The categorical variables…

Q: A local postal carrier distributes letters, magazines, advertisements (ads), or billing statements.…

A:

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

A: As per our guidelines we are suppose to answer three sub parts . Given , mean(μ)=24standard…

Q: In an effort to cut costs and improve profits, any US companies have been turning to outsourcing. In…

A:

Q: Based on the Consumer Transportation Survey data​ below, develop a probability mass function and…

A: Data: x: no. of children x: 0, 1, 2, 3, 4, 5 or more

Q: Assume trucks arriving for loading/unloading at a truck dock from a single server waiting line. The…

A: Given that:Arrival rate = 3/hourService rate = 7/hourSince you have posted a question with multiple…

Q: The​ three-year recidivism rate of parolees in a certain state is about 20​%; that​ is, 20​% of…

A:

Q: The mark-and-recapture technique is commonly used to estimate the population size of animal species.…

A: In this case, each of the obtained rabbits has the only options of being "marked" (defined as…

Q: Assume that the monthly worldwide average number of airplane crashes of commercial airlines is 3.…

A: Solution

Q: Assume that the weight loss for the first month of a diet program varies between 6 pounds and 12…

A: Let probability is P and x is random variable.The formula of uniform distribution is:

Q: The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $17…

A:

Q: The average stock price for a company is $30, and the variance is 67.24. Assume that the stock…

A: It is assumed that the stock prices follow normal distribution. The mean stock price is $30 and…

Q: An health insurance company divides people into two classes (young and old). The company's…

A: Let,A = Person is old.Ac = Person is not old (that is, young).B = Person have health…

Q: mpany chaiges $227 Iul a $30,C ice policy 1or a 30-year the year is 0.9969. Assume that the company…

A:

Q: Assume that the weight loss for the month of a diet program varies between 5 pounds and 12 pounds,…

A: It is an important part of statistics . It is widely used .

Q: The following table shows the number of video games sold worldwide for the 10 highest selling video…

A: Empirical probability:The empirical probability of an event E is the number of times an event E has…

Q: From 1990 through 1999 an average of approximately 26 aircraft per year involved One or more…

A:

Q: The following table gives the number of fatal work injuries categorized by cause from 2015 in a…

A: The frequency distribution table of the number of fatal work injuries categorized by cause from 2015…

Q: Data from a survey can allow one to estimate how many people who classified their work status as​…

A: From the table we can see that there are total 1583 individuals and out of them 75 of them worked…

Q: Which of the following techniques can be used to assess probabilities for very rare events? A.…

A: The correct option is Fault trees Reason; By using the fault tree technique, we can assess the…

Q: According to an Allstate Survey, 56% of baby boomers have car loans and are making payments on these…

A: Let X denote the number in a random sample of three baby boomers who are making payments on their…

Q: A road transport company has one reservation clerk on duty at a time. He handles information of bus…

A: The question is about queuing model Given : Customer arrival rate ( λ ) = 8 per hour Average service…

Q: A typical fuel tanker can carry up to 40,000 L of fuel and can be loaded in about 20 minutes. The…

A: Given that information A typical fuel tanker can carry up to 40,000 L of fuel and can be loaded in…

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: Table shows results from a survey for maried adults classified by social status and level of…

A:

Q: A coin is tossed two times. Let X be the number of heads from the first toss and Y the total number…

A: Let X be the number of heads on the first toss and Y be the total number of heads in two tosses.…

Q: he number of accidents that occur at a busy intersection is Poisson distributed with a mean of 4 per…

A: Given,  number of accidents per week (lamda)=4   Poission distribution is P(X=x)=e-lamda*lamdaxx!

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: 2. The flight time for an airplane traveling from Muscat to Dubai is uniformly distributed between…

A:

Q: Question The annual rainfalls at a place for a period of 19 year from 1970 to 1988 in mm are given…

A: Rainfall data is given for 19 years We have to construct frequency table and frequency curve…

Q: Delivery trucks arrive independently at the Floorstore Regional distribution center with various…

A: From the given information, Consider, X be the delivery trucks arrive independently at the Floor…

Q: In order to encourage car-pooling doings, a new toll charge is to be introduced on the ERIZ…

A: x                    0          1            2            ≥ 3P(X = x)        0.40       0.35…

Q: Suppose that we draw three cards (with replacement) from a standard deck containing 52 cards. Let X…

A: Given: Total number of cards is 52. Number of black card is 26. Let X be the number of black cards…

Q: • A) Given the data Pulse Rate (beats per minute) Mean St. Dev. Distribution Males 69.6 11.3 Normal…

A: Note: As per my policy i can answer only one question. kindly repost the remaining one. Given data…

Q: The U.S. Coast Guard maintains a database of the number, source, and location of oil spills in the…

A: The probability that the oil spill occurred in an ocean is, Probability=P(Atlantic)+P(Pacific)…

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.