The Mean of a Set of Data Is 126

question 85

Multiple Choice

The mean of a set of data is 126.02 and its standard deviation is 89.34. Find the z-score for a value of 386.67. Round your final answer to two decimal places.

• A)3.21
• B)2.92
• C)2.63
• D)3.22

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Definitions:

Simulation Forecasting Methods

Techniques that use models to predict future outcomes based on varying inputs and scenarios, helping in decision-making processes.

Collaborative Forecast

A forecast made using input from multiple stakeholders, such as suppliers, customers, and partners, to improve accuracy and planning.

Supply Chains

The entire network of entities involved, directly or indirectly, in serving a customer with a product or service.

Responsive

The ability to quickly and accurately react to changes or inputs, often used in the context of web design or customer service.