Question
. Normal Distribution: Operations and production managers often use the normal distribution as a probability model to forecast demand in order to determine inventory levels,
. Normal Distribution:Operations and production managers often use the normal distribution as a probability model to forecast demand in order to determine inventory levels, manage the supply chain, control production and service processes, and perform quality assurance checks on products and services. The information gained from such statistical analyses help managers optimize resource allocation and reduce process time, which in turn often improves profit margins and customer satisfaction.
Based on your understanding of the characteristics of the normal distribution, examine the chart below.Process Astandard deviation is .9, Process B standard deviation is 1.4, and the mean of both processes is 12. Contribute to our discussion by posting a response toONEof the questions below.
- Are there processes at your place of employ that you believe follow a normal distribution? If so, describe one. Why do you believe it is normal?
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