A store selling newspapers orders only n = 5 copies of a certain newspaper every day...
A store selling newspapers orders only n = 5 copies of a certain newspaper every day because of lack of demand. If the number of requests per day (each request is to purchase a copy of the newspaper) follows a Poisson distribution with mean 4.0.
a) what is the probability that there are at least three requests to purchase the newspaper in a day?
b) what is the expected value of the number sold in a day? Note: The answer is not 4.0, and the reason for this is that there are two random variables here: the number of papers sold and the number of requests to purchase a paper. These two random variables are not exactly the same as each other.
c) how many should the store order so that the chance of running out (i.e., sold out) is less than 0.01?
Homework Answers
Add Answer to:
A store selling newspapers orders only n = 5 copies of
a certain newspaper every day...
A small market orders copies of a certain magazine for its magazine rack each week. Let...
A small market orders copies of a certain magazine for its magazine rack each week. Let X weekly demand for the magazine, with pmif 2. 4 Px(x 1/15|2/15 | 4/154/153/15 | 1/15 Suppose the store owner actually pays $2.00 for each copy of the magazine and the price to customers is $4.00. If magazines left at the end of the week have no salvage value, is it better to order three or four copies of the magazine? Hint: Create two...
13.7 please 13.7 Table 13.3 (page 602) identifies three risks typically encountered when updating the general ledger Required (a) Analyse the degree of exposure to each of these risks for...
13.7 please
13.7 Table 13.3 (page 602) identifies three risks typically encountered when updating the general ledger Required (a) Analyse the degree of exposure to each of these risks for the update the general ledger process at AB Hi-Fi. update general ledger process at AB Hi-Fi. the update the general ledger process is, and how comprehensive the current internal (b) Determine how many of the common controls described in table 13.3 are present in the (c) Prepare a short report...
Showtime Sound & Lighting (SSL) Inc. is one of three small businesses owned by Tom Smith....
Showtime Sound & Lighting (SSL) Inc. is one of three small businesses owned by Tom Smith. SSL’s line of business is centered on providing services for the local entertainment industry as well as other organizations such as civic groups and churches in need of support for large gatherings. SSL’s services range from simple DJ services to rental and sale of audio, video, and lighting equipment. Support may be provided on either a continuous or a one-time basis. SSL has noticed...
Hi, Kindly assist with my project management assignment below using the attached case study Question 1 Update the project charter for the remainder of the project in response to Adams’ memo (lines 241...
Hi, Kindly assist with my project management assignment below using the attached case study Question 1 Update the project charter for the remainder of the project in response to Adams’ memo (lines 241 through 246). Question 2 Prepare a plan for the remainder of the project in response to Adams’ memo (lines 241 through 246). Your answers to the above will be assessed in terms of the level of communication displayed, the insights and inferences drawn, and your ability to...
1. When it comes to financial matters, the views of Aristotle can be stated as:...
1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back. 2. Since 2008, when the monetary base was about $800 billion,...
A small market orders copies of a certain magazine for its magazine rack each week. Let X weekly demand for the magazine, with pmif 2. 4 Px(x 1/15|2/15 | 4/154/153/15 | 1/15 Suppose the store owner actually pays $2.00 for each copy of the magazine and the price to customers is $4.00. If magazines left at the end of the week have no salvage value, is it better to order three or four copies of the magazine? Hint: Create two...
13.7 please
13.7 Table 13.3 (page 602) identifies three risks typically encountered when updating the general ledger Required (a) Analyse the degree of exposure to each of these risks for the update the general ledger process at AB Hi-Fi. update general ledger process at AB Hi-Fi. the update the general ledger process is, and how comprehensive the current internal (b) Determine how many of the common controls described in table 13.3 are present in the (c) Prepare a short report...
Most questions answered within 3 hours.
-
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 44 minutes ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 2 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 2 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 2 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 2 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 2 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 2 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 2 hours ago -
Write MARIE assembly language programs that do the following:
Write a program that inputs an integer...
asked 2 hours ago -
Explain an understanding of services and protocols.
Explain the job of DNS.
Explain the three email...
asked 3 hours ago -
(As soon as possible) Balance each of the following equations
according to the half-reaction method:
H2O2(aq)...
asked 3 hours ago -
A thin rod with a mass of 3.5kg and a length L=1.5 m is oriented
horizontally....
asked 3 hours ago