MGMT 650 Week 7 Discussion - Employing the Normal Distribution Employing the Normal Distribution Subscribe Operations and production managers often use the normal distribution as a probability model to forecast demand in order to determine inventory level

MGMT 650 WEEK 7 DISCUSSION - EMPLOYING THE NORMAL
DISTRIBUTION

Employing the Normal Distribution
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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 A standard 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
to ONE of the questions below.




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