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

question 50

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.
-What is the reorder point required to attain a 95% service level?

• A)460.0
• B)750.5
• C)571.0
• D)640.5

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Definitions:

Mood Swing

Rapid and intense changes in emotional state or mood.

Negative Linear Relationship

A relationship in which increases in the values of the first variable are accompanied by decreases in the values of the second variable.

Operational Definitions

Specific articulations of a concept or variable in terms of the procedures or techniques used to measure or manipulate it.

Construct Validity

The degree to which a test or instrument measures the theoretical construct or psychological concept it intends to measure.