Hi,
Please can you explain answer to the below question on probability.
Leslie Company is an intermediary supplier of parts to several manufacturing companies. As
the accounting consultant for Leslie Company you have compiled data on the day-to-day
demand rate from Leslie’s customers for Product A and the lead time to receive Product A
from its supplier. The data are summarized in the following probability tables:
Demand for Product A
Unit demand per day Probability of occurrence
0 45%
1 15%
2 30%
3 10%
Lead time for Product A
Lead time in days Probability of occurrence
1 40%
2 35%
3 25%
Leslie is able to deliver Product A to its customers the same day that Product A is received
from its supplier. All units of Product A demanded but not available, due to a stock-out, are
backordered and are filled immediately when a new shipment arrives.
The probability of the demand for Product A being nine units during a 3-day lead time for
delivery from the supplier is:
A 0.00025
B 0.10
C 0.025
D 0.25
CIMA Forums
Probability
Hi Khawa,
Im afraid I cant help you with this question.
This is not a CIMA exam standard question for the current P2 syllabus. The length and nature (linking to working capital) does not fit with the P2 syllabus.
Therefore there is no need for you to worry about solving this.
Please note for future, that have had some students who post us the accounting homework problems and expect us to solve them - which is not a service we can realistically provide.
Therefore, please ensure that all questions are current and CIMA standard ( short objective style and from recent 2019+ exam material). Also, it is presumed that you will have a solution provided to you with the source of the question (eg in the back of the question book etc)., so it saves time if you can share this answer and then specifically detail which part of the answer/ workings that you can not understand.
This targeted approach to learning & problem solving is where this forum adds the most value to CIMA students,
Many Thanks
Cath
Hi Khawa,
Im afraid I cant help you with this question.
This is not a CIMA exam standard question for the current P2 syllabus. The length and nature (linking to working capital) does not fit with the P2 syllabus.
Therefore there is no need for you to worry about solving this.
Please note for future, that have had some students who post us the accounting homework problems and expect us to solve them - which is not a service we can realistically provide.
Therefore, please ensure that all questions are current and CIMA standard ( short objective style and from recent 2019+ exam material). Also, it is presumed that you will have a solution provided to you with the source of the question (eg in the back of the question book etc)., so it saves time if you can share this answer and then specifically detail which part of the answer/ workings that you can not understand.
This targeted approach to learning & problem solving is where this forum adds the most value to CIMA students,
Many Thanks
Cath
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