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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Jane’s Auto World a policy of placing an order for 27 of the most popular model whenever inventory reaches 20. Lead time on delivery is two weeks, and 25 automobiles are currently on hand. Simulate 15week’s worth of sales using the following probabilities that were derived from historical information: SALES PER WEEK PROBABILITY SALES PER WEEK PROBABILITY 5 .05 10 .20 6 .05 11 .20 7 .10 12 .10 8 .10 13 .05 9 .10 14 .05 Use the following random numbers for sales: 23,59,82,83,61,00,48,33,06,32,82,51,54,66,55. Does this policy appear to be appropriate? Explain
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