If the on Hand Inventory Is 40 Units, the Safety

question 22

Multiple Choice

If the on hand inventory is 40 units, the safety stock 20 units and the target level is 120 units then an order should be placed for:

• A) 100 units
• B) 80 units
• C) 60 units
• D) 40 units
• E) 20 units

---

Definitions:

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, calculated as the square root of the variance.

Normally Distributed

Describes a probability distribution that is symmetrical around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Exam Grades

The numerical or letter representations of performance or achievement levels attained by individuals or groups in academic examinations.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the individual data points differ from the mean of the data.