Julie's Diamond Boutique Is Very Concerned with Its Order Policies

Essay

Julie's Diamond Boutique is very concerned with its order policies related to one-carat diamond solitaires. Their current policy is to order 10 diamonds whenever their inventory reaches 6 diamonds (unless there is already an ordered delivery due). Currently there are 12 diamonds on hand. Orders are placed at the end of the month and take one month to arrive . The following distribution of monthly sales has been developed using historical sales. If Julie's Diamond Boutique does not have a diamond on hand, it will result in a lost sale. Use the following random numbers to determine the number of lost sales of one-carat solitaires at the store over 12 months.
Random numbers for sales: 22, 12, 03, 48, 23, 82, 95, 28, 34, 61, 08, 88