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LiRa [457]
3 years ago
14

You are responsible for insuring that 5550 finished goods are delivered to the new store in Springfield, MO. However, you are al

so aware of the following statistics: Expected theft within the warehouse prior to shipping: 0.5% Expected damages as a result of transportation: 1.7% How many finished goods should you begin with so that, even with the theft and damages, you will have at least 5550 items in Springfield, MO?! Your Answer:
Mathematics
1 answer:
Kamila [148]3 years ago
3 0

Answer:

5673 finished goods

Step-by-step explanation:

Given:

Number of finished goods required = 5550

Expected percentage theft within the warehouse prior to shipping = 0.5%

Expected percentage damages as a result of transportation = 1.7%

Now,

Number of Expected theft within the warehouse prior to shipping

= \frac{0.5}{100}\times5550

= 27.75 units ≈ 28

and,

Number of Expected damages as a result of transportation

= \frac{1.7}{100}\times5550

= 94.35 units ≈ 95

thus,

number of units of goods to be extra to begin with = 28 + 95

= 123 units

Hence,

there should be 5550 + 123 = 5673 finished goods so as to counter the theft and damages.

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