What Is the Reorder Point If the Usage Rate Is

question 127

Multiple Choice

What is the reorder point if the usage rate is 10 units per day, the order lead time is five days, and the safety stock is 30?

• A) 50
• B) 150
• C) 80
• D) 200
• E) 400

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Definitions:

Summary Statistics

Numeric values that summarize and provide information about your sample data, including measures like mean, median, and standard deviation.

Lower Fence

A term used in descriptive statistics and boxplot construction, referring to a value below which lies an outlier in a dataset, typically calculated as Q1 - 1.5*IQR, where Q1 is the first quartile and IQR is the interquartile range.

Box And Whisker Plot

A graphical representation of data that displays the median, quartiles, and extremes, providing a visual summary of the distribution.

Percentiles

Statistical measures indicating the value below which a given percentage of observations in a group of observations falls.