The Demand for an Electronic Component Is Normally Distributed with an Average

question 3

Multiple Choice

The demand for an electronic component is normally distributed with an average daily demand of 500 units and a standard deviation of 50.The lead time for the component is 9 days.If a service level of 95% is desired,then the company's safety stock for this component is approximately

• A)150 units.
• B)247 units.
• C)336 units.
• D)740 units.

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Definitions:

Letter of Resignation

A written notice provided by an employee to their employer formally announcing the employee’s decision to leave their job.

Termination

Ending.

Evaluation

Assessment; judgment concerning the worth, quality, significance, or value of a situation, person, or product.

Liability Insurance

Insurance that provides protection from claims arising from injuries or damage to other people or property.