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Statistical Analysis for Analysts

The document provides a table with values for the standard normal distribution function F(Z) and the standard loss function L(Z) for different Z-values from -3 to -0.23. F(Z) gives the probability that a random variable from the standard normal distribution will be less than or equal to Z. L(Z) represents the expected fraction of lost sales for a given Z-value. The table provides these values for increasingly negative Z-values.

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0% found this document useful (0 votes)
353 views2 pages

Statistical Analysis for Analysts

The document provides a table with values for the standard normal distribution function F(Z) and the standard loss function L(Z) for different Z-values from -3 to -0.23. F(Z) gives the probability that a random variable from the standard normal distribution will be less than or equal to Z. L(Z) represents the expected fraction of lost sales for a given Z-value. The table provides these values for increasingly negative Z-values.

Uploaded by

Berk Albaker
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Z-Chart & Loss Function (Negative Z-values)

F(Z) is the probability that a variable from a standard normal distribution will be less than or equal to Z, or alternately, the service level for a quantity
ordered with a z-value of Z.
L(Z) is the standard loss function, i.e. the expected number of lost sales as a fraction of the standard deviation.
Hence, the lost sales = L(Z) x σDEMAND
Z F(Z) L(Z) Z F(Z) L(Z) Z F(Z) L(Z) Z F(Z) L(Z)
-3.00 0.0013 3.0004 -2.25 0.0122 2.2542 -1.50 0.0668 1.5293 -0.75 0.2266 0.8812
-2.99 0.0014 2.9904 -2.24 0.0125 2.2444 -1.49 0.0681 1.5200 -0.74 0.2296 0.8734
-2.98 0.0014 2.9804 -2.23 0.0129 2.2345 -1.48 0.0694 1.5107 -0.73 0.2327 0.8658
-2.97 0.0015 2.9704 -2.22 0.0132 2.2246 -1.47 0.0708 1.5014 -0.72 0.2358 0.8581
-2.96 0.0015 2.9604 -2.21 0.0136 2.2147 -1.46 0.0721 1.4921 -0.71 0.2389 0.8505
-2.95 0.0016 2.9505 -2.20 0.0139 2.2049 -1.45 0.0735 1.4828 -0.70 0.2420 0.8429
-2.94 0.0016 2.9405 -2.19 0.0143 2.1950 -1.44 0.0749 1.4736 -0.69 0.2451 0.8353
-2.93 0.0017 2.9305 -2.18 0.0146 2.1852 -1.43 0.0764 1.4643 -0.68 0.2483 0.8278
-2.92 0.0018 2.9205 -2.17 0.0150 2.1753 -1.42 0.0778 1.4551 -0.67 0.2514 0.8203
-2.91 0.0018 2.9105 -2.16 0.0154 2.1655 -1.41 0.0793 1.4459 -0.66 0.2546 0.8128
-2.90 0.0019 2.9005 -2.15 0.0158 2.1556 -1.40 0.0808 1.4367 -0.65 0.2578 0.8054
-2.89 0.0019 2.8906 -2.14 0.0162 2.1458 -1.39 0.0823 1.4275 -0.64 0.2611 0.7980
-2.88 0.0020 2.8806 -2.13 0.0166 2.1360 -1.38 0.0838 1.4183 -0.63 0.2643 0.7906
-2.87 0.0021 2.8706 -2.12 0.0170 2.1261 -1.37 0.0853 1.4092 -0.62 0.2676 0.7833
-2.86 0.0021 2.8606 -2.11 0.0174 2.1163 -1.36 0.0869 1.4000 -0.61 0.2709 0.7759
-2.85 0.0022 2.8506 -2.10 0.0179 2.1065 -1.35 0.0885 1.3909 -0.60 0.2743 0.7687
-2.84 0.0023 2.8407 -2.09 0.0183 2.0966 -1.34 0.0901 1.3818 -0.59 0.2776 0.7614
-2.83 0.0023 2.8307 -2.08 0.0188 2.0868 -1.33 0.0918 1.3727 -0.58 0.2810 0.7542
-2.82 0.0024 2.8207 -2.07 0.0192 2.0770 -1.32 0.0934 1.3636 -0.57 0.2843 0.7471
-2.81 0.0025 2.8107 -2.06 0.0197 2.0672 -1.31 0.0951 1.3546 -0.56 0.2877 0.7399
-2.80 0.0026 2.8008 -2.05 0.0202 2.0574 -1.30 0.0968 1.3455 -0.55 0.2912 0.7328
-2.79 0.0026 2.7908 -2.04 0.0207 2.0476 -1.29 0.0985 1.3365 -0.54 0.2946 0.7257
-2.78 0.0027 2.7808 -2.03 0.0212 2.0378 -1.28 0.1003 1.3275 -0.53 0.2981 0.7187
-2.77 0.0028 2.7708 -2.02 0.0217 2.0280 -1.27 0.1020 1.3185 -0.52 0.3015 0.7117
-2.76 0.0029 2.7609 -2.01 0.0222 2.0183 -1.26 0.1038 1.3095 -0.51 0.3050 0.7047
-2.75 0.0030 2.7509 -2.00 0.0228 2.0085 -1.25 0.1056 1.3006 -0.50 0.3085 0.6978
-2.74 0.0031 2.7409 -1.99 0.0233 1.9987 -1.24 0.1075 1.2917 -0.49 0.3121 0.6909
-2.73 0.0032 2.7310 -1.98 0.0239 1.9890 -1.23 0.1093 1.2827 -0.48 0.3156 0.6840
-2.72 0.0033 2.7210 -1.97 0.0244 1.9792 -1.22 0.1112 1.2738 -0.47 0.3192 0.6772
-2.71 0.0034 2.7110 -1.96 0.0250 1.9694 -1.21 0.1131 1.2650 -0.46 0.3228 0.6704
-2.70 0.0035 2.7011 -1.95 0.0256 1.9597 -1.20 0.1151 1.2561 -0.45 0.3264 0.6637
-2.69 0.0036 2.6911 -1.94 0.0262 1.9500 -1.19 0.1170 1.2473 -0.44 0.3300 0.6569
-2.68 0.0037 2.6811 -1.93 0.0268 1.9402 -1.18 0.1190 1.2384 -0.43 0.3336 0.6503
-2.67 0.0038 2.6712 -1.92 0.0274 1.9305 -1.17 0.1210 1.2296 -0.42 0.3372 0.6436
-2.66 0.0039 2.6612 -1.91 0.0281 1.9208 -1.16 0.1230 1.2209 -0.41 0.3409 0.6370
-2.65 0.0040 2.6512 -1.90 0.0287 1.9111 -1.15 0.1251 1.2121 -0.40 0.3446 0.6304
-2.64 0.0041 2.6413 -1.89 0.0294 1.9013 -1.14 0.1271 1.2034 -0.39 0.3483 0.6239
-2.63 0.0043 2.6313 -1.88 0.0301 1.8916 -1.13 0.1292 1.1946 -0.38 0.3520 0.6174
-2.62 0.0044 2.6214 -1.87 0.0307 1.8819 -1.12 0.1314 1.1859 -0.37 0.3557 0.6109
-2.61 0.0045 2.6114 -1.86 0.0314 1.8723 -1.11 0.1335 1.1773 -0.36 0.3594 0.6045
-2.60 0.0047 2.6015 -1.85 0.0322 1.8626 -1.10 0.1357 1.1686 -0.35 0.3632 0.5981
-2.59 0.0048 2.5915 -1.84 0.0329 1.8529 -1.09 0.1379 1.1600 -0.34 0.3669 0.5918
-2.58 0.0049 2.5816 -1.83 0.0336 1.8432 -1.08 0.1401 1.1514 -0.33 0.3707 0.5855
-2.57 0.0051 2.5716 -1.82 0.0344 1.8336 -1.07 0.1423 1.1428 -0.32 0.3745 0.5792
-2.56 0.0052 2.5617 -1.81 0.0351 1.8239 -1.06 0.1446 1.1342 -0.31 0.3783 0.5730
-2.55 0.0054 2.5517 -1.80 0.0359 1.8143 -1.05 0.1469 1.1257 -0.30 0.3821 0.5668
-2.54 0.0055 2.5418 -1.79 0.0367 1.8046 -1.04 0.1492 1.1172 -0.29 0.3859 0.5606
-2.53 0.0057 2.5318 -1.78 0.0375 1.7950 -1.03 0.1515 1.1087 -0.28 0.3897 0.5545
-2.52 0.0059 2.5219 -1.77 0.0384 1.7854 -1.02 0.1539 1.1002 -0.27 0.3936 0.5484
-2.51 0.0060 2.5119 -1.76 0.0392 1.7758 -1.01 0.1562 1.0917 -0.26 0.3974 0.5424
-2.50 0.0062 2.5020 -1.75 0.0401 1.7662 -1.00 0.1587 1.0833 -0.25 0.4013 0.5363
-2.49 0.0064 2.4921 -1.74 0.0409 1.7566 -0.99 0.1611 1.0749 -0.24 0.4052 0.5304
-2.48 0.0066 2.4821 -1.73 0.0418 1.7470 -0.98 0.1635 1.0665 -0.23 0.4090 0.5244
-2.47 0.0068 2.4722 -1.72 0.0427 1.7374 -0.97 0.1660 1.0582 -0.22 0.4129 0.5186
-2.46 0.0069 2.4623 -1.71 0.0436 1.7278 -0.96 0.1685 1.0499 -0.21 0.4168 0.5127
-2.45 0.0071 2.4523 -1.70 0.0446 1.7183 -0.95 0.1711 1.0416 -0.20 0.4207 0.5069
-2.44 0.0073 2.4424 -1.69 0.0455 1.7087 -0.94 0.1736 1.0333 -0.19 0.4247 0.5011
-2.43 0.0075 2.4325 -1.68 0.0465 1.6992 -0.93 0.1762 1.0250 -0.18 0.4286 0.4954
-2.42 0.0078 2.4226 -1.67 0.0475 1.6897 -0.92 0.1788 1.0168 -0.17 0.4325 0.4897
-2.41 0.0080 2.4126 -1.66 0.0485 1.6801 -0.91 0.1814 1.0086 -0.16 0.4364 0.4840
-2.40 0.0082 2.4027 -1.65 0.0495 1.6706 -0.90 0.1841 1.0004 -0.15 0.4404 0.4784
-2.39 0.0084 2.3928 -1.64 0.0505 1.6611 -0.89 0.1867 0.9923 -0.14 0.4443 0.4728
-2.38 0.0087 2.3829 -1.63 0.0516 1.6516 -0.88 0.1894 0.9842 -0.13 0.4483 0.4673
-2.37 0.0089 2.3730 -1.62 0.0526 1.6422 -0.87 0.1922 0.9761 -0.12 0.4522 0.4618
-2.36 0.0091 2.3631 -1.61 0.0537 1.6327 -0.86 0.1949 0.9680 -0.11 0.4562 0.4564
-2.35 0.0094 2.3532 -1.60 0.0548 1.6232 -0.85 0.1977 0.9600 -0.10 0.4602 0.4509
-2.34 0.0096 2.3433 -1.59 0.0559 1.6138 -0.84 0.2005 0.9520 -0.09 0.4641 0.4456
-2.33 0.0099 2.3334 -1.58 0.0571 1.6044 -0.83 0.2033 0.9440 -0.08 0.4681 0.4402
-2.32 0.0102 2.3235 -1.57 0.0582 1.5949 -0.82 0.2061 0.9360 -0.07 0.4721 0.4349
-2.31 0.0104 2.3136 -1.56 0.0594 1.5855 -0.81 0.2090 0.9281 -0.06 0.4761 0.4297
-2.30 0.0107 2.3037 -1.55 0.0606 1.5761 -0.80 0.2119 0.9202 -0.05 0.4801 0.4244
-2.29 0.0110 2.2938 -1.54 0.0618 1.5667 -0.79 0.2148 0.9123 -0.04 0.4840 0.4193
-2.28 0.0113 2.2839 -1.53 0.0630 1.5574 -0.78 0.2177 0.9045 -0.03 0.4880 0.4141
-2.27 0.0116 2.2740 -1.52 0.0643 1.5480 -0.77 0.2206 0.8967 -0.02 0.4920 0.4090
-2.26 0.0119 2.2641 -1.51 0.0655 1.5386 -0.76 0.2236 0.8889 -0.01 0.4960 0.4040
0.00 0.5000 0.3989
Z-Chart & Loss Function (Positive Z-values)
F(Z) is the probability that a variable from a standard normal distribution will be less than or equal to Z, or alternately, the service level for a quantity
ordered with a z-value of Z.
L(Z) is the standard loss function, i.e. the expected number of lost sales as a fraction of the standard deviation.
Hence, the lost sales = L(Z) x σDEMAND
Z F(Z) L(Z) Z F(Z) L(Z) Z F(Z) L(Z) Z F(Z) L(Z)
0.00 0.5000 0.3989 0.75 0.7734 0.1312 1.50 0.9332 0.0293 2.25 0.9878 0.0042
0.01 0.5040 0.3940 0.76 0.7764 0.1289 1.51 0.9345 0.0286 2.26 0.9881 0.0041
0.02 0.5080 0.3890 0.77 0.7794 0.1267 1.52 0.9357 0.0280 2.27 0.9884 0.0040
0.03 0.5120 0.3841 0.78 0.7823 0.1245 1.53 0.9370 0.0274 2.28 0.9887 0.0039
0.04 0.5160 0.3793 0.79 0.7852 0.1223 1.54 0.9382 0.0267 2.29 0.9890 0.0038
0.05 0.5199 0.3744 0.80 0.7881 0.1202 1.55 0.9394 0.0261 2.30 0.9893 0.0037
0.06 0.5239 0.3697 0.81 0.7910 0.1181 1.56 0.9406 0.0255 2.31 0.9896 0.0036
0.07 0.5279 0.3649 0.82 0.7939 0.1160 1.57 0.9418 0.0249 2.32 0.9898 0.0035
0.08 0.5319 0.3602 0.83 0.7967 0.1140 1.58 0.9429 0.0244 2.33 0.9901 0.0034
0.09 0.5359 0.3556 0.84 0.7995 0.1120 1.59 0.9441 0.0238 2.34 0.9904 0.0033
0.10 0.5398 0.3509 0.85 0.8023 0.1100 1.60 0.9452 0.0232 2.35 0.9906 0.0032
0.11 0.5438 0.3464 0.86 0.8051 0.1080 1.61 0.9463 0.0227 2.36 0.9909 0.0031
0.12 0.5478 0.3418 0.87 0.8078 0.1061 1.62 0.9474 0.0222 2.37 0.9911 0.0030
0.13 0.5517 0.3373 0.88 0.8106 0.1042 1.63 0.9484 0.0216 2.38 0.9913 0.0029
0.14 0.5557 0.3328 0.89 0.8133 0.1023 1.64 0.9495 0.0211 2.39 0.9916 0.0028
0.15 0.5596 0.3284 0.90 0.8159 0.1004 1.65 0.9505 0.0206 2.40 0.9918 0.0027
0.16 0.5636 0.3240 0.91 0.8186 0.0986 1.66 0.9515 0.0201 2.41 0.9920 0.0026
0.17 0.5675 0.3197 0.92 0.8212 0.0968 1.67 0.9525 0.0197 2.42 0.9922 0.0026
0.18 0.5714 0.3154 0.93 0.8238 0.0950 1.68 0.9535 0.0192 2.43 0.9925 0.0025
0.19 0.5753 0.3111 0.94 0.8264 0.0933 1.69 0.9545 0.0187 2.44 0.9927 0.0024
0.20 0.5793 0.3069 0.95 0.8289 0.0916 1.70 0.9554 0.0183 2.45 0.9929 0.0023
0.21 0.5832 0.3027 0.96 0.8315 0.0899 1.71 0.9564 0.0178 2.46 0.9931 0.0023
0.22 0.5871 0.2986 0.97 0.8340 0.0882 1.72 0.9573 0.0174 2.47 0.9932 0.0022
0.23 0.5910 0.2944 0.98 0.8365 0.0865 1.73 0.9582 0.0170 2.48 0.9934 0.0021
0.24 0.5948 0.2904 0.99 0.8389 0.0849 1.74 0.9591 0.0166 2.49 0.9936 0.0021
0.25 0.5987 0.2863 1.00 0.8413 0.0833 1.75 0.9599 0.0162 2.50 0.9938 0.0020
0.26 0.6026 0.2824 1.01 0.8438 0.0817 1.76 0.9608 0.0158 2.51 0.9940 0.0019
0.27 0.6064 0.2784 1.02 0.8461 0.0802 1.77 0.9616 0.0154 2.52 0.9941 0.0019
0.28 0.6103 0.2745 1.03 0.8485 0.0787 1.78 0.9625 0.0150 2.53 0.9943 0.0018
0.29 0.6141 0.2706 1.04 0.8508 0.0772 1.79 0.9633 0.0146 2.54 0.9945 0.0018
0.30 0.6179 0.2668 1.05 0.8531 0.0757 1.80 0.9641 0.0143 2.55 0.9946 0.0017
0.31 0.6217 0.2630 1.06 0.8554 0.0742 1.81 0.9649 0.0139 2.56 0.9948 0.0017
0.32 0.6255 0.2592 1.07 0.8577 0.0728 1.82 0.9656 0.0136 2.57 0.9949 0.0016
0.33 0.6293 0.2555 1.08 0.8599 0.0714 1.83 0.9664 0.0132 2.58 0.9951 0.0016
0.34 0.6331 0.2518 1.09 0.8621 0.0700 1.84 0.9671 0.0129 2.59 0.9952 0.0015
0.35 0.6368 0.2481 1.10 0.8643 0.0686 1.85 0.9678 0.0126 2.60 0.9953 0.0015
0.36 0.6406 0.2445 1.11 0.8665 0.0673 1.86 0.9686 0.0123 2.61 0.9955 0.0014
0.37 0.6443 0.2409 1.12 0.8686 0.0659 1.87 0.9693 0.0119 2.62 0.9956 0.0014
0.38 0.6480 0.2374 1.13 0.8708 0.0646 1.88 0.9699 0.0116 2.63 0.9957 0.0013
0.39 0.6517 0.2339 1.14 0.8729 0.0634 1.89 0.9706 0.0113 2.64 0.9959 0.0013
0.40 0.6554 0.2304 1.15 0.8749 0.0621 1.90 0.9713 0.0111 2.65 0.9960 0.0012
0.41 0.6591 0.2270 1.16 0.8770 0.0609 1.91 0.9719 0.0108 2.66 0.9961 0.0012
0.42 0.6628 0.2236 1.17 0.8790 0.0596 1.92 0.9726 0.0105 2.67 0.9962 0.0012
0.43 0.6664 0.2203 1.18 0.8810 0.0584 1.93 0.9732 0.0102 2.68 0.9963 0.0011
0.44 0.6700 0.2169 1.19 0.8830 0.0573 1.94 0.9738 0.0100 2.69 0.9964 0.0011
0.45 0.6736 0.2137 1.20 0.8849 0.0561 1.95 0.9744 0.0097 2.70 0.9965 0.0011
0.46 0.6772 0.2104 1.21 0.8869 0.0550 1.96 0.9750 0.0094 2.71 0.9966 0.0010
0.47 0.6808 0.2072 1.22 0.8888 0.0538 1.97 0.9756 0.0092 2.72 0.9967 0.0010
0.48 0.6844 0.2040 1.23 0.8907 0.0527 1.98 0.9761 0.0090 2.73 0.9968 0.0010
0.49 0.6879 0.2009 1.24 0.8925 0.0517 1.99 0.9767 0.0087 2.74 0.9969 0.0009
0.50 0.6915 0.1978 1.25 0.8944 0.0506 2.00 0.9772 0.0085 2.75 0.9970 0.0009
0.51 0.6950 0.1947 1.26 0.8962 0.0495 2.01 0.9778 0.0083 2.76 0.9971 0.0009
0.52 0.6985 0.1917 1.27 0.8980 0.0485 2.02 0.9783 0.0080 2.77 0.9972 0.0008
0.53 0.7019 0.1887 1.28 0.8997 0.0475 2.03 0.9788 0.0078 2.78 0.9973 0.0008
0.54 0.7054 0.1857 1.29 0.9015 0.0465 2.04 0.9793 0.0076 2.79 0.9974 0.0008
0.55 0.7088 0.1828 1.30 0.9032 0.0455 2.05 0.9798 0.0074 2.80 0.9974 0.0008
0.56 0.7123 0.1799 1.31 0.9049 0.0446 2.06 0.9803 0.0072 2.81 0.9975 0.0007
0.57 0.7157 0.1771 1.32 0.9066 0.0436 2.07 0.9808 0.0070 2.82 0.9976 0.0007
0.58 0.7190 0.1742 1.33 0.9082 0.0427 2.08 0.9812 0.0068 2.83 0.9977 0.0007
0.59 0.7224 0.1714 1.34 0.9099 0.0418 2.09 0.9817 0.0066 2.84 0.9977 0.0007
0.60 0.7257 0.1687 1.35 0.9115 0.0409 2.10 0.9821 0.0065 2.85 0.9978 0.0006
0.61 0.7291 0.1659 1.36 0.9131 0.0400 2.11 0.9826 0.0063 2.86 0.9979 0.0006
0.62 0.7324 0.1633 1.37 0.9147 0.0392 2.12 0.9830 0.0061 2.87 0.9979 0.0006
0.63 0.7357 0.1606 1.38 0.9162 0.0383 2.13 0.9834 0.0060 2.88 0.9980 0.0006
0.64 0.7389 0.1580 1.39 0.9177 0.0375 2.14 0.9838 0.0058 2.89 0.9981 0.0006
0.65 0.7422 0.1554 1.40 0.9192 0.0367 2.15 0.9842 0.0056 2.90 0.9981 0.0005
0.66 0.7454 0.1528 1.41 0.9207 0.0359 2.16 0.9846 0.0055 2.91 0.9982 0.0005
0.67 0.7486 0.1503 1.42 0.9222 0.0351 2.17 0.9850 0.0053 2.92 0.9982 0.0005
0.68 0.7517 0.1478 1.43 0.9236 0.0343 2.18 0.9854 0.0052 2.93 0.9983 0.0005
0.69 0.7549 0.1453 1.44 0.9251 0.0336 2.19 0.9857 0.0050 2.94 0.9984 0.0005
0.70 0.7580 0.1429 1.45 0.9265 0.0328 2.20 0.9861 0.0049 2.95 0.9984 0.0005
0.71 0.7611 0.1405 1.46 0.9279 0.0321 2.21 0.9864 0.0047 2.96 0.9985 0.0004
0.72 0.7642 0.1381 1.47 0.9292 0.0314 2.22 0.9868 0.0046 2.97 0.9985 0.0004
0.73 0.7673 0.1358 1.48 0.9306 0.0307 2.23 0.9871 0.0045 2.98 0.9986 0.0004
0.74 0.7704 0.1334 1.49 0.9319 0.0300 2.24 0.9875 0.0044 2.99 0.9986 0.0004
3.00 0.9987 0.0004

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