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Using the probability approach to determine an inventory safety stock and wanting to be 95 percent sure of covering inventory demand, which of the following is the number of standard deviations necessary to have the 95 percent service probability assured?
A) 1.28B) 1.64C) 1.96D) 2.00E) 2.18
It is important for the project manager to gather data on the work that has already been executed in the project to compare the plan against what is actually happening.
Using the probability approach to determine an inventory safety stock and wanting to be 95 percent sure of covering inventory demand
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