Multiple Choice
When using the normal distribution to approximate demand,which of the following is not true?
A) We assume demand is normally distributed.
B) We assume demand is a random variable.
C) We assume 50 percent of the time demand is less than the mean.
D) We assume the fixed cost follows a normal distribution.
E) All of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
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