Demand of milk at a retailer's ship follows a normal distribution with the mean of 500 litres per day and standard deviation of 30 litres per day. The milk I sold by the retailer Rs 60 per litre and costs him Rs 56 per litre. However, the retailer has to sell insold milk at Rs 20 to a distributor. How many litres of milk should the retailer procure per day?

Answers

Answer 1

The retailer should procure approximately 103 liters of milk per day.

The formula to calculate the z-score is given by: z = (x - μ)/σ, where x is the variable value, μ is the mean, and σ is the standard deviation.

Therefore, the z-score for the milk sold is:z = (60 - 500) / 30 = -14.33

Similarly, the z-score for the cost is:z = (56 - 500) / 30 = -14.80

Now, to calculate how much milk the retailer should procure per day, we need to find out the demand for milk such that he is left with zero milk at the end of the day.

This is given by the formula:x = μ + zσwhere, x is the demandμ the mean of demand z is the z-scoreσ is the standard deviationSubstituting the values, we get:x = 500 + (-14.33 × 30)x = 102.1 liters

Hence, the retailer should procure approximately 103 liters of milk per day.

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Related Questions

describe the process of career planning​

Answers

Answer:

The career planning process involves taking the time to decide what your career goals are and how you'll get there. You might engage in this process on your own or with a guidance or career counselor. You can also start the career planning process at any point in your career.

Explanation:

Answer:

aalu jasto answer dinxa

PLZ HELP EXTRA POINTS!!!
Without freedom of expression ____.

A. Congress would have too much power
B. democracy could not exist
C. all kinds of unpopular ideas would become popular
D. the result would be a utopia

Answers

Answer:

A. Congress would have too much power

Explanation: I hope this helps :)

Which of the following actions best demonstrates to your boss that you are a motivated employee?
A) Finishing a task after your boss reminds you about it.
B) Hosting a pizza party for some work friends.
C) Arriving an hour early for a client meeting.
D) Helping a co-worker when your own work is finished.

Answers

Arriving an hour early for client meeting of following actions best demonstrates to your boss that you are at employee motivation.

What is employee motivation?

Employee motivation is the intrinsic need to put up the necessary effort and take the proper action for tasks related to their jobs. A wide definition is that it relates to "psychological forces that determine an individual's level of effort and persistence, as well as the course of their conduct inside an organization." Motivation at work has been characterized as the "total of the mechanisms that determine the arousal, direction, and maintenance of behaviors related to work settings." Since motivated employees are often more productive, employee motivation is essential to the success of a firm. Motivation is the desire a person has to carry out a task or activity in order to achieve a goal.

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50%
15%
20%
15%
Adjust the percentages of Chris's investment to minimize the risk in his portfolio

15%

BOND
(low risk, low growth)

50%

STOCK
(higher risk, higher growth)

20%

MUTUAL FUND
(medium risk, medium growth)

15%

Answers

Max out Stock, if doesn’t
Max out Mutual Fund (I’m assuming it’s everfi)

All of the following actions lead to the payment of a credit card fee EXCEPT... Using your credit card to get cash from an ATM. Using your credit card to purchase items in a foreign country. Paying your credit card bill ten days after the Due Date. Paying your credit card bill in full and on time every month.

Answers

Answer:

Paying your credit card bill in full and on time every month.

Explanation:

The other choices will most likely prompt a fee to be charged.

explain the nature of operations

Answers

operations describes the processes and resources that you use to produce the highest quality products or services as efficiently as possible. Business operations typically include four key areas: ... Labor:

Can I get some assistance

Can I get some assistance

Answers

Question 1: 4
Question 2:5
Question 3:D
Question 4:C
Question 5:B

Identify and give examples of each of the three basic manufacturing cost categories.

Answers

Three basic manufacturing cost categories

Direct Material - eg: raw material for the productionDirect labour - eg: factory Labours wagesOverhead - eg: rent of office

Manufacturing is the creation or production of goods using equipment, labor, machines, tools, and processing or chemical or biological formulations.

This is the nature of the secondary sector of the economy. The term can refer to a wide range of human activities, from craftsmanship to high technology, but it most commonly applies to industrial design, where raw materials from the primary sector are transformed into finished products on a large scale.

These goods may be sold to other manufacturers to produce other more complex products (such as airplanes, home appliances, furniture, sports equipment, or automobiles) or distributed through the tertiary sector to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then resell to individual customers).

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Which costs would be considered fixed costs?

Answers

Answer:

see below

Explanation:

Fixed costs consist of business expenses that remain constant throughout a financial period. The level of production does not influence these costs. Fixed costs are sometimes considered as the cost of staying in business. They have to be paid as long as the business is open.

For instance, administrative salaries have to be paid regardless of the level of production. Monthly rent to a store has to be paid even if no sales were made in a particular month. Other examples of fixed costs include depreciation, insurance premiums, and advertising.

What do you mean by ECONOMIC ​

Answers

Answer:

Economics is a social science concerned with the production, distribution, and consumption of goods and services.

Cabela's stores are as much natural history museums for outdoor enthusiasts as they are retail outlets. This information indicates that Cabela's is practicing ________.

Answers

Answer:

Cabela's stores are as much natural history museums for outdoor enthusiasts as they are retail outlets. This information indicates that Cabela's is practicing

experiential retailing.

9. Suppose the principal of a public school re-
quired all students to recite a prayer at the start
of each school day. What level of government
(federal, state, or local) would most likely deter-
mine whether or not the principal's action was
constitutional?

Answers

Answer: Federal government

Explanation:

Based on the scenario in the question, the federal government would most likely determine whether or not the principal's action was constitutional.

This is a national issue and shouldn't be left in the hands of the local or state government. It should be noted that in 1962, school sponsored prayer in the public schools was banned by the United States Supreme Court, on the basis that the First Amendment was being violated.

The court later ruled that students can meet and then pray on their respective school grounds so far it's done privately and no one is forced.

Hence, the federal government would most likely determine whether or not the principal's action was constitutional.

Which of the following described the process of finding a better way of meeting customer needs?
O Quality planning
O Quality control
O Quality improvement
O Quality management

Answers

Quality improvement describes as the process of finding a better way of meeting customer needs. The correct option is c.

What is quality improvement?

Quality improvement is the framework used to systematically improve care. Quality improvement seeks to standardize processes and structures to reduce variation, achieve predictable results, and improve outcomes for patients, healthcare systems, and organizations. The structure includes things like technology, culture, leadership, and physical capital; the process includes knowledge capital e.g., standard operating procedures or human capital e.g., education and training.

When healthcare leaders analyze patient data to devise a plan to reduce postoperative infections or use data-driven approaches to shorten the average length of hospital stays, those are examples of quality improvement initiatives, said Sowell.

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Max is using a search engine to do research on trends in his industry when he comes across a website that isn’t necessarily related to his research–but is interesting and engaging. Without realizing it, Max spends over an hour browsing through the webpage’s numerous articles and links. When his boss asks him if his research report will be ready by the end of the day, Max isn’t sure how to respond. He’s hardly done any work–but it’s not like he was purposely avoiding work. He was using the search engine for the purpose of research, after all. It’s not his fault that the search results weren’t very relevant. Max is considering asking his boss for an extension on his deadline so that he can spend more time researching. What do you think? What should Max do?

Answers

In this situation, Max has to first give his boss some advance notice that he wont be able to complete the report before deadline, explain himself briefly as to why that is, then ask for more time to be able to complete the task.

What is a deadline?

A deadline indicates that a task or project is anticipated to be finished by that date and time. There is a clear expectation of what must be provided and by when thanks to deadlines. Employees are able to take charge of their work in this way and include deadlines into their time management techniques.

It's critical to schedule deadlines in advance because your work may be delayed. Recognize that some resources might be delayed and that some people might not be available. You may prevent the disaster of missing a deadline by making plans in advance.

Deadlines are crucial in business for a variety of reasons. They establish standards and encourage productive behavior in the workplace.

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What can be concluded about the combined amount of money in checking and savings accounts?
A.More than​ 25% of the customers have​ 80% of the total balance.
B.More than​ 80% of the customers have​ 25% of the total balance.
C.Less than​ 80% of the customers have​ 25% of the total balance.
D.Less than​ 25% of the customers have​ 80% of the total balance (WRONG ANSWER)

Answers

C. Is the correct answer

in a based economy transaction require that each party have something the other desires increase market

Answers

Answer:

The ansewr is a barter based economy.

In a barter based economy, goods are exchanged for other goods, because no good that takes the functions of money exists (unit of account, store of value, and medium of exchange).

Barter economies can work on a limited scope, but to a larger extent, they can become inefficient, because this type of economy requires a double coincidence of wants: both parties of the transaction must desire the other party's goods.

Cara Fabricating Co. and Taso. Corp. agreed orally that Taso would custom-manufacture a compressor for Cara at a price of $120,000. After Taso completed the work at a cost of $90,000, Cara notified Taso that the compressor was no longer needed. Taso is holding the compressor and is demanding payment from Cara. Taso has been unable to resell the compressor for any price. Taso incurred storage fees of $2,000. If Cara refused to pay Taso and Taso sues Cara, what is the most damages Taso will be entitled to recover

Answers

H⁣⁣⁣⁣ere's l⁣⁣⁣ink t⁣⁣⁣o t⁣⁣⁣he a⁣⁣⁣nswer:

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Sold goods whose list price is 5000 to rakesh at 6% trade discount and 1% cash discount he paid 60% price in cash jornal entry

Answers

The journal entry will be:

Debit: Accounts Receivable 2766

Credit: Sales 5000

Debit: Discounts Allowed 317

Credit: Trade Discount Allowed 300

Credit: Cash Discount Allowed 17

How to depict the journal entry?

To record the sale of goods to Rakesh at a trade discount and cash discount, you would make a journal entry to debit Accounts Receivable (for the amount Rakesh will pay on credit) and credit Sales (for the revenue from the sale). The entry would also need to include any applicable discounts.

The trade discount is calculated by multiplying the list price of the goods by the trade discount percentage (6% in this case), so the trade discount would be:

5000 x 6% = 300

The cash discount is calculated by multiplying the list price minus the trade discount by the cash discount percentage (1% in this case), so the cash discount would be:

(5000 - 300) x 1% = 17

The total discounts is trade discount + cash discount

300 + 17 = 317

The amount Rakesh paid in cash would be calculated by multiplying the list price minus the discounts by the percentage he paid in cash (60% in this case), so:

(5000 - 317) x 60% = 2766

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The cost of land would not include: Multiple Choice Purchase price. Cost of parking lot lighting. Costs of removing existing structures. Title insurance fees. Government assessments.

Answers

The cost of land would not include option(a) i.e, the Cost of parking lot lighting.

What is meant by the cost of land?

The asset valuation method that is used to value land that appears on a company's balance sheet is known by the financial accounting term cost of land. The price of the land would cover all costs incurred in purchasing the property as well as those incurred in getting it ready for usage by the business.

The price of the land might be calculated by adding the purchase price, the local government's appraisal of the property, deducting the cost of any existing structures, and title insurance premiums.

All expenses incurred to prepare the improvements for use are included in the cost of land improvements. For instance, the cost of the parking lot is just the agreed-upon fee when two businesses enter into a contract to build one on the other's property.

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The business analysis stage of product development changes the focus from
whether a product would be popular to whether the product would be
A. legal
B. innovative
c. profitable
D. sustainable

Answers

Answer:

I think the answer would be C. or B. hope this helps

The business analysis stage of product development changes the focus from whether a product would be popular to whether the product would be profitable. Hence, option C is correct.

What is business analysis stage?

Performing a business analysis follows step three. The fact that the discoveries, concepts, and research results generated during this stage will directly affect the project's overall success makes it one of the most important ones.

Management of requirements and planning. Gathering of Requirements. Analysis and requirement documentation.

Using a business analysis, you can estimate the profits you might make from the product in subsequent fiscal years and identify the costs related to your anticipated NPD. The creation of a product is expensive. Additionally, your business analysis will help you get rid of weak ideas and steer clear of unnecessary spending.

Thus, option C is correct.

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what is brand awareness?
A.) how much potential consumers like a particular brand over another.
B.) how willing a consumer is to purchase a specific brand.
C.) how well a brand is recognized by potential customers.
D.) how well a brand is doing in comparison to its competitors

Answers

Answer:

The correct answer is C.) how well a brand is recognized by potential customers.

Explanation:

Answer:

C: how well a brand is recognized by potential customers

Explanation:

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How do you give brainliest?

Answers

Answer:

you press the crown

Explanation:

Answer: you have to wait a lil bit then get back on the question you answer then it'll show a crown in the side of you screen and press it if you want to

Explanation:

Drug trafficking is a menace in our society, suggest 5 possible solutions to drug trafficking in the world

Answers

Answer:

Drug trafficking is a critical concern in the modern world.

Explanation:

Limiting the prescription of addicting drugs and looks for natural remedies.If there are specialized task force officials in each state dedicated to minimizing drug trafficking, then that will also possibly restrict the number of people participating in this trade.A comprehensive program that deals with illicit and illegal substances for sale.Offer victims counseling, rehabilitation, and recovery treatment.Although sound controversial legalization of drugs and its systematic monitoring removes the need for drug trafficking.

If taxes decrease by $15 billion and real gdp increases by $75 billion, the tax multiplier is:________

Answers

If taxes decrease by $15 billion and real GDP increases by $75 billion, we can use the tax multiplier to determine the value. The tax multiplier is the change in real GDP divided by the change in taxes.
Tax Multiplier = - (ΔReal GDP / ΔTaxes)

Given:

ΔTaxes (change in taxes) = -$15 billion (decrease in taxes)

ΔReal GDP (change in real GDP) = $75 billion (increase in real GDP)

Tax Multiplier = - ($75 billion / -$15 billion)

Simplifying the calculation:

Tax Multiplier = - 5

So, the tax multiplier is $75 billion divided by $15 billion, which equals 5.

Therefore, the tax multiplier is 5.

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What is the difference between a partner and a limited (silent) partner?

Answers

Answer:

see below

Explanation:

In a partnership business with general and limited partners, the general partners act as business owners, while the limited partners behave like investors. Limited partners are silent partners. They inject capital in the business and get to share in its profits. Limited partners are not engaged in managing the business affairs and have no voting rights. They have limited liability to the debts of the partnership.

General partners make all the business decisions on behalf of the business. They vote and have the right to get involved in managing the partnership. General partners have unlimited liabilities to the obligations of the partnership.

Taking notes is likely to increase your
A. Enunciation
B. Focus
C. Speaking ability
D. Logic

Answers

Answer:

A. Enunciation

Explanation:

Answer:

A

Explanation:

This circle graph shows the results of a survey that asked people to identify their favorite type of music. What percent of people chose rock or country as their favorite type of music?

Answers

Answer:

answer 45

Explanation:

Answer:

45%

Explanation:

This circle graph shows the results of a survey that asked people to identify their favorite type of

does fat and soap have the same density?and why?

Answers

Answer:

Soap is soluble in water, but fat is not. Fat has a melting point above 47C and soap has a melting point above 100C. Fat has a density of 0.92 g/cm3 and soap has a density of 0.84 g/cm3. These are all properties that make fat and soap different substances.

Explanation:

what types of conditions influence a company's decision to avoid making business investments in other countries?

Answers

Wage rates, labour skill, tax rates, and the size of the selected economy are just a few of the elements that influence foreign direct investment.

What is foreign direct investment?

A foreign investor, business, or government acquires an interest in such a foreign firm or project through foreign direct investment (FDI).

In general, the term refers to something like a corporate decision to buy a large stake in a foreign firm or to purchase it entirely in order to extend operations into a new market. The term is rarely used to refer to a single stock investment inside a foreign company. Because it develops stable and long-term links between economies, FDI is a crucial component of global economic integration.

Mergers, acquisitions, and collaborations are examples of foreign direct investments within retail, services, logistics, and manufacturing. They suggest a global strategy for corporate expansion.

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Which of the following best exemplifies structural unemployment?
A college graduate is looking for her first job.
An unemployed electrician does odd jobs for cash on the weekends.
A surveyor was laid off when his company relocated to the Midwest.
A real estate agent is looking for a new brokerage that pays better commissions.
A high school student who worked part-time at Chick-Fil-A® was laid off when sales fell.

Answers

Answer: A surveyor was laid off when his company relocated to the Midwest is an example of structural unemployment .

Explanation:   Structural unemployment occurs due to  job relocation, skill mismatches, rapidly growing population,   slow rate of capital formation,  demand for labor fall short.

And also due to the fundamental changes in the structure of the economy.

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Which equation can be used to calculate the area of the shaded triangle in the figure below?A rectangle is shown with a width of 8 ft and a length of 14 ft. There is a diagonal line through the rectangle, and the bottom half is shaded in grey.(4 points) a2(14 + 8) = 44 square feet b1 over 2. (14 + 8) = 11 square feet c2(14 8) = 224 square feet d1 over 2. (14 8) = 56 square feet Find the vector parametrization ????(????) of the line that passes through the points (4,3,2) and (9,8,4). (Give your answer in the form ,,. Express numbers in exact form. Use symbolic notation and fractions where needed.)r(t)=? benefits of positive stress 8. what's the value of 57,281 joules in btus? a. 54.3 btus b. 28.9 btus c. 14.2 btus d. 37.7 btus Reverse faults are created by compressional forces. Explain what reverse faults are. Where in the United States do we find evidence of reverse faults? Which type of graph is best for displaying the range of the data set above?A. box-and-whisker plotB. pie chartC. bar graphD. stem-and-leaf plot If Kevin is currently insured under Leroux for his medical insurance under Plan A, how will the proposed changes affect his health care costs? a. Costs for regularly scheduled health care will go down, but Kevin may end up paying more if he finds himself seriously ill or injured. B. Costs for regularly scheduled health care will go up, but Kevin will probably pay less than he would have if he finds himself seriously ill or injured. C. Both the cost for regularly scheduled health care and the cost for emergency health care will go down, making the changes very good for Kevin. D. Both the cost for regularly scheduled health care and the cost for emergency health care would go up, contradicting the intentions of Leroux Insurance. Explain how Lindahl equilibrium and efficiency are related inthe production of a social consumption good. a white dwarf will become a type ia supernova if group of answer choices the original star was more than 1.38 msun./ brayden bought supplies for his camping trip. he gave the cashier 45.00 and reciveied 16.02 in change how much did he spend on the camping trip ? ASAP pls help need help What is the vertical displacement of the basic graph to produce a graph ofy =pi-3 cos(x-2)? American Privileges and Immunities: Federalism, the Fourteenth Amendment and the Rights of American Citizenship pdf Can you please tell me What x-9=63 is Money illusion occurs when:___.a. the value of moneydisappears.b. we disregard inflation adjustments for dollar values.c. the rate of inflation decreases. d. falling relative prices make consumers feel richer. what type of biological macromolecules are enzymes? calculate the ph of a solution in which one normal adult dose of aspirin (640 mg mg ) is dissolved in 10 ounces of water. 7. the trading activity involving purchases of large blocks of securities on the expectation of a favorable price move over the next several weeks or months is called a. program trading b. pure arbitrage c. day trading d. position trading e. hedging Research studies indicate that in an emergency situation, the presence of others (the bystander effect) often: If you are not sure about what to do during a lab activity, what should you do?Ask someone else at your table.Use your best judgement.Watch to see what everyone else isdoing.Ask the teacher.