Question: 9. An inventory ordering system must be set up for Bandage BX-62 based on the following data (assume the normal distribution): a. What safety stock

9. An inventory ordering system must be set up for Bandage BX-62 based on the following data (assume the normal distribution):

a. What safety stock would you recommend if a stockout risk of 8% is considered acceptable?

b. What safety stock would you recommend if a stockout risk of 4% is considered acceptable?

c. A reorder point of 560 packages has been set. What is the service level?

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