The Empirical Rule states that for a bell-shaped distribution, approximately 95 percent of data should lie within:
A) one standard deviation from either side of the mean.
B) two standard deviations from either side of the mean.
C) three standard deviations from either side of the mean.
D) four standard deviations from either side of the mean.
B
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Average daily demand for a product is normally distributed with a mean of 20 units and a standard deviation of 3 units. Lead time is fixed at 25 days. What reorder point provides for a service level of 95 percent?
What will be an ideal response?
A governance framework specifies how to do ________
A) planning B) implementation C) oversight D) All of the above.
The First National Bank of Edmond had decided to purchase The First National Bank of Plano in Texas. The bank is interested in this purchase because The First National Bank of Plano is in financial distress and the First National Bank of Edmond thinks this is a cheap way to get a start in the large Texas market. The FDIC supports this acquisition because it won't have to make any insurance payouts. What motive for a merger does this most likely reflect?
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In which situation would quick books' batch invoicing feature be most useful
What will be an ideal response?