We appreciate your visit to A person is using the normal distribution to determine the safety stock for a product The Z value of 2 33 would be associated with. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
The Z value of 2.33 would be associated with a service level of (D) 99 percent.
The normal distribution is a probability distribution that is commonly used to describe real-valued random variables that tend to cluster around a single mean value. The Z value, also known as the Z-score, is a measure of how many standard deviations a data point is from the mean. A Z value of 2.33 indicates that the data point is 2.33 standard deviations above the mean.
The service level is the probability that a product will be available when a customer wants to purchase it. A service level of 99 percent means that there is a 99 percent chance that the product will be available when the customer wants to purchase it.
To determine the service level associated with a Z value of 2.33, we can use a Z-table or a calculator. A Z-table is a table that lists the cumulative probabilities associated with different Z values. Using a Z-table, we can find that a Z value of 2.33 is associated with a cumulative probability of 0.9901, or 99.01 percent. Therefore, the service level associated with a Z value of 2.33 is 99 percent (D).
Learn more about distribution: https://brainly.com/question/4079902
#SPJ11
Thanks for taking the time to read A person is using the normal distribution to determine the safety stock for a product The Z value of 2 33 would be associated with. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
