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which one of the following is implied by a lead time service level of 95 percent? multiple choice approximately 95 percent of inventory will be used during lead time. the probability is .95 that the order will arrive after the on-hand inventory is exhausted. the probability is .95 that demand during lead time will exactly equal the amount on hand at the beginning of lead time. approximately 95 percent of demand during lead time will be satisfied. the probability is .95 that demand during lead time will not exceed the amount on hand at the beginning of lead time.

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95 that demand during lead time will not exceed the amount on hand at the beginning of lead time of the following is implied by a lead time service level of 95 percent.

How is probability determined?

The probability is calculated by dividing the total number of outcomes by the total number of potential events. Odds and probability are two different concepts. Calculating odds involves dividing the probability of an event by the probability that it won't happen.

Probability is a branch of mathematics that deals with numerical representations of the likelihood of an event occurring or of a proposition being true. The probability of an occurrence is a number between 0 and 1, with 0 generally corresponding to the event's absence.

To know more about probability, refer:

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