Which of the Following Is NOT a Typical Application of Analytics

question 31

Multiple Choice

Which of the following is NOT a typical application of analytics in operations and supply chain management?

• A) Forecasting
• B) Capacity and scheduling
• C) Logistics and sourcing
• D) All of the above are typical applications.

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Definitions:

Random Experiment

An experiment or process in which all possible outcomes occur randomly with certain probabilities associated with each outcome.

Unbiased Coin

A coin for which the probability of landing on heads or tails is equal, implying fair outcomes.

Discrete Random Variable

A variable that can take on a countable number of distinct values, often representing categories or counts.

Nonnegative Probabilities

Probabilities that are greater than or equal to zero, as negative probabilities do not exist in standard probability theory.