If service level is 50%, then safety stock is equal to 50% of lead time demand
Indicate whether this statement is true or false.
Answer: FALSE
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What is the difference between an absolute advantage and a comparative advantage?
What will be an ideal response?
What is the purpose of a leverage ratio?
What will be an ideal response?
Markdowns should not be regarded as losses
Indicate whether the statement is true or false
A random sample of computer users were asked which browser they primarily relied on for surfing the Internet and whether this browser was installed on a desktop or laptop computer. The following contingency table shows these results
Browser Desktop Laptop Internet Explorer 18 56 Firefox 7 37 Chrome 24 77 Safari 3 18 Other 3 7 Given that the randomly selected computer used the Chrome browser, the probability that the computer was a laptop is ________. A) 0.433 B) 0.557 C) 0.640 D) 0.762