The Demand for an Electronic Component Is Normally Distributed with an Average

question 3

Multiple Choice

The demand for an electronic component is normally distributed with an average daily demand of 500 units and a standard deviation of 50.The lead time for the component is 9 days.If a service level of 95% is desired,then the company's safety stock for this component is approximately

• A)150 units.
• B)247 units.
• C)336 units.
• D)740 units.

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Definitions:

Public Perception

The collective attitudes, beliefs, and impressions held by the general public about a particular subject or entity.

Social Enterprise

Businesses that operate with the primary objective of addressing social problems, combining commercial strategies with the pursuit of social and environmental goals.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for a specific task or venture, sharing both profits and risks.

Risks And Benefits

The potential negative and positive outcomes associated with any action or decision.