Use the Table Below to Answer the Following Question(s)

question 32

Multiple Choice

Use the table below to answer the following question(s) .
Below is the spreadsheet for an economic order quantity model.

Assume that the distribution of demand is normal with a mean of 20,000 and standard deviation of 2,000.
-Which of the following cells is defined to be normally distributed using the function = PsiNormal(20000,2000) ?

• A)B5
• B)B6
• C)B7
• D)B12

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Definitions:

Limited Specialization

A situation in which individuals or entities focus on a restricted range of products or services to gain greater efficiency, but do not specialize to the extent that they produce only one good or service.

Primitive Societies

Early human communities characterized by simple social structures and technologies.

Feasible

Capable of being done or achieved; possible to do easily or conveniently.

Barter

Trading goods and services directly without involving money as an intermediary.