Question

6. If average stock level is 40,500 units and minimum stock level is 18,000 units of raw material then
find out its re-order quantity.
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Answer 1

Explanation:

The minimum stock level can be determined by applying the following formula: Minimum Stock Level = Re-order Level – (Normal consumption per day/per week, etc. X Normal delivery time).

Answer 2

Explanation:

zero

At infinity, is actually equal to zero. So there is zero chance that you will get all tails when you throw a fair coin infinite times.