, 23.06.2019 09:40 thomisonariel9800

# Max wants to open a basic checking account at his local bank. he needs to bring his and , along with a \$50 deposit, to open the account.

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?
Suppose that a candy maker owns a building and is renting part of the building's space to a doctor. further suppose that because the candy maker is the owner, he has the right to make noise during the day while he makes candy. while the doctor cannot insist on a quiet environment, the doctor could move to a quieter building. however, rent in the next best building is \$350/month more than rent in the noisy building. the candy maker can adopt a new technology that eliminates the noise for \$275/month. given this situation, can the doctor find a private solution with the candy maker that will make both better off?