(A)Calculate the Conditional Distribution of X Given Y

question 30

Essay

(A)Calculate the conditional distribution of X given Y.
(B)What is the practical benefit of knowing the conditional distribution in (A)?

Understand the coefficient of variation as a measure of demand forecast uncertainty.

Grasp the role of lot size in influencing fill rate and cycle service level for a given safety inventory.

Learn about the implications of lead time on order placement and receipt.

Calculate standard deviation of demand during lead time under different scenarios.