If a Store Has Annual Average Daily Demand of 16

question 4

Multiple Choice

If a store has annual average daily demand of 16 units with a standard deviation of 2 units,and the lead time for it to receive an order from its supplier is 20 days,the store's reorder point for a 95% service level is approximately

• A)326.1 units
• B)334.8 units
• C)348.2 units
• D)356.6 units

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Definitions:

Closed Questions

Questions designed to elicit a specific, limited response, often "yes" or "no," rather than open-ended discussion.

Pre-test

An initial evaluation or examination conducted before a main test or experiment, used to assess suitability, effectiveness, or gather preliminary data.

Adequate

Sufficient in quantity or quality to meet a certain standard or requirement.

Convergent Questions

Questions designed to elicit a specific, narrow response, typically used to confirm details or clarify points.