Which one of the following is implied by an "annual" service level of $95$ percent?

Multiple Choice

Approximately $95$ percent of demand between orders will be lost.

The probability is $95$ percent that all demand over the year will exceed supply.

The probability is $95$ percent that all demand over the year will not exceed supply.

Approximately $95$ percent of demand between orders will be satisfied.

The probability is $95$ percent that all demand over the year will equal supply.