Average Daily Demand for a Product Is Normally Distributed with a Mean

question 35

Essay

Average daily demand for a product is normally distributed with a mean of 5 units and a standard deviation of 1 unit.Lead time is fixed at four days.
(a)What is the reorder point if there is no safety stock?
(b)What is the reorder point if the service level is 80 percent?
(c)How much more safety stock is required if the service level is raised from 80 percent to 90 percent?

Understand the various types of files maintained in a law firm and the importance of handling each appropriately.

Recognize the importance of maintaining confidentiality of client information and the procedures to ensure it.

Identify the steps involved in opening, managing, and closing client files in a law firm.

Comprehend the professional obligations of a paralegal in handling client information and documents.

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Definitions:

Opendoor

A technology company in the real estate sector that simplifies the process of buying and selling homes through digital platforms.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, especially a percentage of the money received from a total paid to the agent responsible for the business.

Processor

is a component within a computing device responsible for interpreting and executing instructions, serving as the brain of the computer or device.

Monitor

A monitor is a display device that provides a visual interface for computers, allowing users to view and interact with the operating system and applications.