Using the Frequency Table Below, Determine the Relative Frequencies for Apartment

question 15

Multiple Choice

Using the frequency table below, determine the relative frequencies for Apartment and Townhouse listings.

• A) .5,000 and .5,000
• B) .5,000 and .2,653
• C) .2,653 and .1,429
• D) .1,429 and .2,495
• E) .5,918 and .1,429

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Definitions:

Safety Stock

A quantity of inventory maintained to guard against shortages or delays in supply or demand, acting as a buffer.

Stockouts

Situations where demand cannot be fulfilled because the inventory of a product is exhausted, often resulting in lost sales or customer dissatisfaction.

Inventory Carrying Costs

The total costs associated with holding inventory, including storage, handling, depreciation, and opportunity costs.

Safety Stock

Additional inventory kept on hand to guard against fluctuations in demand or supply, ensuring that sufficient quantities are available to meet customer needs.