Question: Question 4 Zaheer has ordered for 3000 units where the mean and standard deviation of the demand function for his product IS 2500 units and

Question 4 Zaheer has ordered for 3000 units

Question 4 Zaheer has ordered for 3000 units where the mean and standard deviation of the demand function for his product IS 2500 units and 1000 units respectively. What is his in stock probability? a. 5976 b. 694 . 797 d. 89% Question 5 The defect rate for data entry of insurance claims has been 1.5% historically. What is the upper control chart limit if you wish to use a sample size of 100 and 3-sigma limits ? a. 0.0525 Ob. 0.0515 0.0505 O d. 0.0500

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