Question: Average weekly demand for free - range dog biscuits is 1 0 0 bags per week, with a standard deviation of 1 0 bags. Chloe

Average weekly demand for free-range dog biscuits is 100 bags per week, with a standard deviation of 10 bags. Chloe uses a continuous inventory review system to manage inventory of the biscuits. She wants to set the reorder point high enough that there is 1% chance of running out before the next order comes in. Assuming that the lead time is constant 7 days. What is the inventory level at which the stock needs to be replenished? (Keep two decimals)

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