Answered: IM Systems assembles microcomputers…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.5: Correlation And Causation

Problem 2AGP

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IM Systems assembles microcomputers from generic com-
ponents. It purchases its color monitors from a manufac-
turer in Taiwan; thus, there is a long lead time of 25 days.

Daily demand is normally distributed with a mean of 3.5

monitors and a standard deviation of 1.2 monitors. Deter-
mine the safety stock and reorder point corresponding to a

90% service level.

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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