The Following Values Have Been Calculated Using the T DIST

question 13

Short Answer

The following values have been calculated using the T DIST and T INV functions in Excel^®. These values come from a t- distribution with 15 degrees of freedom.
These values represent the probability to the right of the given positive values. These values represent the positive t- value for a given probability in both tails (sum of both tails).
-What would be the t-values where 0.10 of the values are in both tails (sum of both tails)?

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Definitions:

Implied Uncertainty

The uncertainty inherently present in expectations or forecasts, often due to incomplete information or unpredictable changes in external factors.

Lead Time

The time interval between initiating a process and its completion, often applied to the period between placing an order and receiving it.

Stockout Rate

The frequency at which a company experiences an inventory shortage, leading to an inability to fulfill customer orders.

Supply Chain Strategy

A plan of action designed to manage resources, operations, and processes within the supply chain to achieve competitive advantage and customer satisfaction.