Suppose demand is modeled with a normal distribution with$$ Mean $3000$ and Standard Deviation $1000.$ What is the probability that demand is between $500$ and $1000?$

Question $5$Answer

A$.$

$0\mathrm{.}0228$

B$.$

$0\mathrm{.}0062$

C$.$

$0\mathrm{.}0166$

D$.$

$0\mathrm{.}5$

A$.$

The Economic Order Quantity $($EOQ$)$ is ordered

B$.$

No order is placed until the next review period

C$.$

A standard$-$sized order is placed

D$.$

A safety stock level is maintained