1-Match correct sequence. Select A,B,C,D, or E
1. Your company is bidding to supply towels to a government agency where the supplier with the lowest bid will win the contract. The cost of the contract is estimated to be $136,000, which the company increases by 15% to provide for profit.
You have estimated that the competitor's bids are equally likely to be above or between $160,000. Furthermore you think that approximately 2/3rds of the bids will be between $150,000 and $170,000 and that the bids will be approximately normally distributed.
What is the probability of winning the contract?
2. Demand for a product is estimated to be normally distributed with a mean of 1200 units per month and a standard deviation of 100 per month. What monthly inventory level would satisfy demand at approximately a 95% service level?
3. Demand for a product is known to be normally distributed with a mean of 750 units per week and a standard deviation of 80 units. What is the approximate standard deviation for annual sales (consider 52 weeks/year)?
(need answers to the 4 attached math problems)
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Discrete Math: Quantitative Method
You are working on a project that has 12 activities and wand to perform aCPM analysis on a project. You determine the critical path consists of only five actives. You then compute the variances for the five critical path activities and these variances 3, 4, 2, 1, and 6 days. If the desired completion date for the project is 50 days and the expected completion date for the project is 40 days, what is the probability that the project will be completed by the desired completion date?View Full Posting Details