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
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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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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?
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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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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
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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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Question 7(5 points)In queuing theory, the calling population is another name for __________.
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Question 8(5 points)Which of the following is not a popular definition of quality?
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