If Demand During Lead Time Is Normally Distributed,and If the Standard

question 49

Multiple Choice

If demand during lead time is normally distributed,and if the standard deviation of demand during the lead time is 50 units,then to provide an additional 34% service level,the number of additional units that should be held in inventory is ______.

• A)50 (= 50 times 1 standard deviation)
• B)17 (= 50 * 34%)
• C)1,700 (= 50 * 34)
• D)150 (= 50 times 3 standard deviations)

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Definitions:

Figure-Ground

The organization of the visual field into objects (the figures) that stand out from their surroundings (the ground).

Visual Cliff

A laboratory device for testing depth perception in infants and young animals.

Depth Perception

The ability to see objects in three dimensions although the images that strike the retina are two-dimensional; allows us to judge distance.

Distinct Groups

Collections of individuals separated by clear, defined characteristics or criteria that set them apart from others.