Question: A small copy center uses 4 4 5 0 - sheet boxes of copy paper a week. Experience suggests that usage can be well approximated

A small copy center uses 4450-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a
normal distribution with a mean of 4boxes per week and a standard deviation of 60 box per week. 3 weeks are required to fill an order
for letterhead stationery. Ordering cost is $6, and annual holding cost is 33 cents per box.
Use Table.
a. Determine the economic order quantity, assuming a 52-week year.
Note: Round your answer to the nearest whole number.
Answer is complete and correct.
EOQ
boxes
b. If the copy center reorders when the supply on hand is 13 boxes, compute the risk of a stockout.
Note: Round "z" value to 2 decimal places and final answer to 4 decimal places.
Answer is complete but not entirely correct.
Risk
 A small copy center uses 4450-sheet boxes of copy paper a

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