1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
An analyst in the corporate finance department at Chase Manhattan Bank has been assigned to an interdepartmental project involvi
marissa [1.9K]

This sort of organizational structure is called a matrix structure.

<u>Explanation:</u>

The representation of a corporation in which monitoring interactions are defined as a grid, or matrix, instead of in conventional hierarchies is understood as a matrix organizational framework. In another terms, workers have multiple responsibilities to report-usually both to a functional boss and to a manager of commodity. Here analyst at Chase Manhattan Bank's corporate finance division has been allocated to an interdepartmental project involving a large client. Thus he need to answer two separate bosses from his department and project manager.

5 0
3 years ago
Perpetuities have:
sveticcg [70]

Answer:

b) Equal payments and an infinite life

Explanation:

A perpetuity is an annuity that has no end, or a stream of cash payments that continues forever.

7 0
3 years ago
Discs and the Internet are unreliable and often slow, and there's nothing quite as distracting as "_____" in the middle of a pre
forsale [732]

Answer:

Discs and the Internet are unreliable and often slow, and there's nothing quite as distracting as "<u>having this issue</u>" in the middle of a presentation.

Explanation:

Presentation is often a formal talk or sharing of ideas about a topic which can be on any field, matter, discovery, product, to an audience.    

Since discs are used for optical storage, which allows data storage and data retrieval are very good to store information for presentation.

However, discs can be unreliable likewise the internet. As a disc is a computer hardware, it can be attacked by a computer virus thereby affecting the stored data, and the internet speed also varies across locations, all these can cause distractions in the middle of a presentation especially if one needs the disc and the internet to be able to render a presentation efficiently.

           

7 0
2 years ago
A company had $43 missing from petty cash that was not accounted for by petty cash receipts. The correct procedure is to:
iVinArrow [24]
Answer: The correct procedure is to “debit cash over and short for $43”.
6 0
3 years ago
Joey wants to buy a $3,000 vehicle with 20 percent down for three years at 12 percent interest. what will his monthly payment be
Gnoma [55]

Joey wants to pay for a $3,000 automobile over three years at a 12.5% interest rate with a 20% down payment. His monthly payment will be $79.70.

<h3>What is interest rate?</h3>

The proportion that the lender charges as payment for the loan is known as the interest rate. The annual percentage rate, or APR, seeks to depict the cost of borrowing more accurately. The interest rate, fees, and discount points are all factored into the APR calculation.

<h3>What is the purpose of the interest rate?</h3>

An interest rate informs you of how much borrowing will cost you and how much saving will pay off. Therefore, the interest rate is the amount you pay for borrowing money and is expressed as a percentage of the entire loan amount if you are a borrower.

Learn more about interest rate: brainly.com/question/13324776

#SPJ4

5 0
2 years ago
Other questions:
  • The main shortage cost when a producer does not have a requested item in inventory is
    10·1 answer
  • Riley says that the present value of $700 one year from today if the interest rate is 6 percent isless than the present value of
    5·1 answer
  • Bargaining power of buyers tends to be higher when a company sells a popular product to multiple buyers than when a company is d
    6·1 answer
  • By understanding its business, an organization can take steps to define its __________, a statement of the organization's scope.
    14·2 answers
  • The Polishing Department of Marigold Company has the following production and manufacturing cost data for September. Materials a
    15·1 answer
  • Lowering the costs is one of the objectives of the production and logistics function of an international firm. true or false
    11·1 answer
  • Lee is the executive of a car manufacturer. Lee decides the appearance of one of his car designs outweighs the desire to make th
    14·1 answer
  • Evelyn, who is in charge of an ad hoc team, holds a meeting with her team and explains the purpose of the project and outlines w
    9·1 answer
  • In the AS/AD model, as the price level falls, the holders of money become richer and buy more. This is one reason why the aggreg
    14·1 answer
  • It costs a company $14 of variable costs and $6 of fixed costs to produce product Z200 that sells for $30. A foreign buyer offer
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!