Using the Probability Approach to Determine an Inventory Safety Stock

question 18

Multiple Choice

Using the probability approach to determine an inventory safety stock and wanting to be 95 percent sure of covering inventory demand,which of the following is the number of standard deviations necessary to have the 95 percent service probability assured?
79)

• A)1.28
• B)1.64
• C)1.96
• D)2.00
• E)2.18

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Definitions:

Problem Behaviour

Actions that are socially unacceptable or self-destructive, often seen as symptoms in various psychological conditions.

Effective Treatments

Interventions or methods that have been scientifically proven to significantly improve symptoms or conditions.

General Aim

A broad, overarching goal that guides actions and planning in various contexts, often less specific than objectives.

Gene-Environment Interaction

Gene-Environment Interaction describes how an individual's genetic makeup and environmental exposures combine to influence the expression of traits or susceptibility to disorders.