All the Following Are Approaches Used in Risk Pooling Within

question 2

Multiple Choice

All the following are approaches used in risk pooling within a supply chain except

• A)reducing the number and variety of parts.
• B)encouraging large orders.
• C)combining inventories from multiple locations into one location.
• D)None of these answer choices is correct.

---

Definitions:

Extreme Values

Data points that significantly differ from other observations. They can be unusually high or low and may be considered outliers.

Median

The middle value in a sorted, ascending or descending, list of numbers.

Percentile

A value on a scale of 100 that indicates the percent of a distribution that is equal to or below it.

Quartiles

Divisions of a data set that mark three points to divide the data into four equal parts, each representing a quarter of the dataset.