From a Portion of a Probability Distribution,you Read That P(demand

question 1

Multiple Choice

From a portion of a probability distribution,you read that P(demand = 0) is 0.05,P(demand = 1) is 0.10,and P(demand = 2) is 0.20.What are the two-digit random number intervals for this distribution beginning with 01?

• A)01 through 05,01 through 10,and 01 through 20
• B)00 through 04,05 through 14,and 15 through 34
• C)01 through 05,06 through 15,and 16 through 35
• D)00 through 04,00 through 09,and 00 through 19
• E)01 through 06,07 through 16,and 17 through 36

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Definitions:

Cycle Inventory

The portion of inventory that a business holds to meet its regular sales demand during a specific period.

Space Cost

Expenses related to the physical space required for operations, such as warehousing or retail locations.

Handling Cost

The expenses involved in moving, storing, and managing goods, including labor, materials, and overhead.

Storage Costs

Expenses incurred to keep inventory stored safely and effectively, including warehousing, material handling, and preservation costs.