Question: Average daily demand for a product is normally distributed with a mean of 7 units and a standard deviation of 1 unit. Lead time is
Average daily demand for a product is normally distributed with a mean of 7 units and a standard deviation of 1 unit. Lead time is fixed at 5 days. What is the reorder point if the stockout probability is 20%?
Note: Only round your final answer to 1 decimal place. Do not include the unit of measurement in your answer. For instance, if the answer is 15.3 units only enter 15.3.
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