Which of the Following Values for Z Should We Use

question 1

Multiple Choice

Which of the following values for z should we use in as a safety stock calculation if we want a service probability of 98 percent?

• A)1.64
• B)1.96
• C)2.05
• D)2.30
• E)None of these

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Definitions:

Illusion Transparency

The tendency to overestimate the extent to which our personal mental state is known by others.

Honest

Characterized by truthfulness, integrity, and straightforwardness in actions and statements.

Different Parts

This refers to the various components or sections that make up a whole; in a system or machine, it refers to the distinct elements that perform specific functions.

Self-Determination Theory

The idea that people function best when they feel that their actions stem from their own desires rather than from external forces.