If demand during lead time is normally distributed, and if the standard deviation of demand during the lead time is 50 units, then to provide an additional 34% service level, the number of additional units that should be held in inventory is ______.
a. 50 (= 50 times 1 standard deviation)
b. 17 (= 50 * 34%)
c. 1,700 (= 50 * 34)
d. 150 (= 50 times 3 standard deviations)
a. 50 (= 50 times 1 standard deviation)
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In a regression analysis, the coefficient of determination is .4225. The coefficient of correlation in this situation is
A. -.65 ifb1is negative. B. .1785. C. .18 ifb1 is positive. D. .4225.
A given percentage increase in consumer demand can lead to a much larger percentage increase in the demand for plant and equipment necessary to produce the additional output. Economists refer to this as ________
A) derived demand B) inelastic demand C) the acceleration effect D) a straight rebuy E) the sales cycle
The greater the number of channel levels in a marketing channel, the ________
A) less distance between producer and end-consumer B) greater the channel complexity C) less time it takes for products to reach end-consumers D) greater the control producers have over the distribution of their products E) greater the control producers have over the demand of their products
Answer the following statements true (T) or false (F)
The rewards, laws, and rules within an individual’s world dictate all of the influence that occurs.