Which of the Following Values for "Z" Should We Use

question 75

Multiple Choice

Which of the following values for "z" should we use in as safety stock calculation if we want a Service Probability of 98%?

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

---

Definitions:

Sherman Act

A foundational antitrust law passed in 1890 in the United States, aimed at prohibiting monopolies and promoting competition.

Federal Trade Commission Act

A United States federal law established in 1914 to prevent unfair competition, deceptive acts, and regulate antitrust practices.

Robinson-Patman Act

A United States federal law that prohibits anti-competitive practices by producers, specifically price discrimination.

Standard Markup Pricing

A pricing method that involves adding a fixed percentage to the cost of goods to determine their selling price.