1 Problem 11-30 (Static) 20 come It is your responsibility, as the new head of the Butomotive section of Nichols Department Store, to ensure that reorder quantities for the various items have been correctly established. You decide to test one item and choose Michelintires, XW size 18514 BSW. A perpetual Inventory system has been used, so you examine this as well as other records and come up with the following data cost per tire Holthe cost Demand Ordering cost Standard deviation of daily demand Delivery teade 35 each 20 percent of tire cost per year 1,000 per year $ 20 per order tires 4 Because customers generally do not wait for tires but go elsewhere you decide on a service probability of 98 percent. Assume the de and occurs 365 days per year a Determine the order quantity (Round your answer to the nearest whole number) Onder b. Determine the reorder point (Use Excel's NORMS.INVO) function to find the value. Round value to 2 decimal places and final answer to the nearest whole number) Hordern tres