Simplify the Expression

question 76

Essay

Simplify the expression.

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Definitions:

Coefficient of Variation

A statistical measure of the dispersion of data points in a data series around the mean, expressed as a ratio to the mean.

Demand Forecast

The process of estimating the quantity of a product or service that consumers will purchase in the future.

Safety Inventory

A surplus of stock that is kept on hand to protect against unforeseen increases in demand or delays in supply.

Fill Rate

The percentage of customer or order demand that is met from available stock without backorders.