ADM Quiz.docx - ADM Quiz Question 1(5 points A discrete random variable has a mean of 400 and a variance of 64 What is the standard deviation Question 1

ADM Quiz.docx - ADM Quiz Question 1(5 points A discrete...

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ADM Quiz Question 1(5 points)A discrete random variable has a mean of 400 and a variance of 64. What is the standard deviation? Question 1 options:20648400None of the above Save Question 2(5 points)Data for a particular subdivision near downtown Houston indicate that the average price per square foot for a home is $100 with a standard deviation of $5 (normally distributed). What is the probability that the average price per square foot for a home is greater than $90?
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Save Question 3(5 points)Andre Candess manages an office supply store. One product in the store is computer paper. Andre knowsthat 10,000 boxes will be sold this year at a constant rate throughout the year. There are 250 working days per year and the lead-time is 3 days. The cost of placing an order is $30, while the holding cost is $15 per box per year. How many units should Andre order each time? Save Question 4(5 points)The annual demand for a product is 1,000 units. The company orders 200 units each time an order is placed. The lead-time is 6 days, and the company has determined that 20 units should be held as a safety stock. There are 250 working days per year. What is the reorder point?
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Save Question 5(5 points)Which of the following is not a property of all linear programming problems? Question 5 options:A computer programOptimization of some objectiveAlternate courses of action to choose fromUsage of only linear equations and inequalitiesThe presence of restrictions Save Question 6(5 points)A person is using the normal distribution to determine the safety stock for a product. The Z value of 2.33 would be associated with what service level?
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Save Question 7(5 points)In queuing theory, the calling population is another name for __________. Save Question 8(5 points)Which of the following is not a popular definition of quality? Save
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