Given the Following Data Set, Find the Approximate Value That

question 32

Short Answer

Given the following data set, find the approximate value that corresponds to the 75th percentile.
10, 44, 15, 23, 14, 18, 72, 56

Identify the types of distribution network designs and their advantages.

Know the key factors influencing the cost within supply chain networks, including transportation and inventory costs.

Recognize the importance of customer experience in the supply chain, including product availability and order visibility.

Understand the concept of time to market and its significance in product development and distribution.

---

Definitions:

Mathematical Models

Abstract representations using mathematical expressions to study the behavior of real systems.

Trial-And-Error Methods

A problem-solving technique that involves testing various methods and eliminating those that fail to achieve the desired result until a solution is found.

Adjusts Capacity

The process of modifying the capabilities of a production system or service to meet changes in demand or operational efficiency.

Level Scheduling

Level scheduling is a production strategy aimed at maintaining a consistent output rate or workforce level, balancing supply with demand to avoid fluctuation.