Chapter3_beebjor

# Chapter3_beebjor - Chapter 3 Homework 5. Develop a...

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Chapter 3 Homework 5. Develop a probability distribution for the job satisfaction score of a senior executive. Develop a probability distribution for the job satisfaction score of a middle manager. What is the probability a senior executive will report a job satisfaction score of 4 or 5? What is the probability a middle manager is very satisfied? Compare the overall job satisfaction of senior executives and middle managers. 7. If the company places monthly orders equal to the expected value of the monthly demand, what should Carolinas monthly order quantity be for this product? Assume that each unit demanded generates \$70 in revenue and that each unit ordered costs \$50. How much will the company gain or lose in a month if it places an order based on your answer to part (a) and the actual demand for the item is 300 units? What are the variance and the standard deviation for the number of units demanded? 11. In a sample of six international travelers, what is the probability that two will stick with their tour

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## This note was uploaded on 07/04/2010 for the course MGMT 101 taught by Professor Haitt during the Spring '10 term at Buena Vista.

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Chapter3_beebjor - Chapter 3 Homework 5. Develop a...

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