Find σ_x, If μ = 400, P( < 396)

question 97

Multiple Choice

Find σ_x, if μ = 400, P( < 396) = .0228, and n = 100.

• A) .20
• B) 200
• C) 20
• D) 2.00

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Definitions:

Cycle Inventory

The portion of inventory available to meet normal demand during a given period without restocking.

Increase Cost

The rise in expenses associated with the production, acquisition, or maintenance of goods and services.

Aggregating

The process of combining multiple items, data points, or aspects into a single group or category for the purposes of analysis or reporting.

Fixed Ordering

A procurement method in which orders are placed at regular intervals regardless of the inventory level, often leading to a cyclical inventory pattern.