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Alex
2 years ago
6

Let's say you are ordering food for your wedding reception, and you sent out 150 invitations. Everyone RSVP'd, with120 people sa

ying they would attend. You know however that not everyone who RSVP'd will actually show up; there are always, always, always some no-shows (at least from the question-writers experience). Thus you expect to need 100 meals. But just to be safe, you plan to order 110 meals, estimating this is a 90% service level (accepting a 10% probability you'll run out). You discuss this with your fiance who is adamant about increasing your service level to 99%.
Required:
How many meals should you order for a 99% service level?
Business
1 answer:
sveticcg [70]2 years ago
6 0

The number of meals to order for a 99% service level is 121 meals.

<h3>What is the service level?</h3>

The service level is the percentage of services that can be provided to guests or customers on a given occasion or within a given period.

It can also describe the percentage of meals that a host estimates to serve her guests at a party.

<h3>Data and Calculations:</h3>

Number of invitations sent out = 150

Number of RSVPs received = 120

Expected number of meals to serve = 100

The safety level of meals to serve = 110

The estimated service level at 110 meals = 90%

The Fiancé's estimated service level to attain = 99%

The number of meals to order for a 99% service level is 121 meals (110/90% x 99%).

Thus, the meals that you should order for a 99% service level is 121 meals.

Learn more about estimating service levels at brainly.com/question/4312911

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Refer the complete question below:

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3 years ago
Billy's Goat Coats has a preferred share issue outstanding with a current price of $38.89. The firm last paid a dividend on the
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Answer:

option (c) 9%

Explanation:

Data provided in the question:

current price of outstanding shares = $38.89

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The correct answer is b. increases.

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Answer:

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Giving the following information:

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