If Demand for an Item Is Normally Distributed, We Plan

question 103

True/False

If demand for an item is normally distributed, we plan for demand to be twice the average demand and carry 2 standard deviations worth of safety stock inventory.

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Definitions:

Colonists

Individuals or groups who settle in a new area or country, often establishing control or cultivating it for the first time.

Extinct

Refers to a species that no longer has living members.

Larger Islands

Islands of a relatively greater size, which can support more diverse ecosystems and larger populations than smaller islands.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.