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Author Question: The definition of service level used in this chapter is a. the percentage of all demand that can be ... (Read 47 times)

robinn137

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on: Jun 24, 2018
The definition of service level used in this chapter is
 a. the percentage of all demand that can be satisfied from inventory.
  b. the percentage of all order cycles that do not experience a stockout.
  c. the percentage of demand during the lead-time period that can be satisfied from inventory
  d. None of the alternatives is correct.

Question 2

A company has developed a new power cell and wants to estimate its average lifetime. A random sample of 650 power cells is tested and the average lifetime of this sample is found to be 315 hours. The 315 hours is the value of a:
 a. parameter. c. sample.
  b. statistic. d. population.


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heyhey123

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

B


robinn137

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

bimper21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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