Question

Which of the following statements is (are) best?

a. Most demand patterns tend to be stable and predictable.
b. The most common predictable pattern is called a normal distribution.
c. The normal curve can be described by its average (mean) and the variation of actual demand about the average.
d. All of the above are true.
e. demand patterns tend to be stable and predictable, and the most common predictable pattern is called a normal distribution.

Answer 1

The correct statement is d.

All of the above are true.

Step-by-step explanation:

The correct statement from the given options is d. All of the above are true.

The normal distribution is a commonly observed pattern in many disciplines. It is bell-shaped and can be described by its mean and the variation of actual demand about the mean.

In a symmetrical distribution, the mean and the median are both centrally located close to the high point of the distribution. This is the case in a normal distribution.