Question: b. The boss is concerned about this model because demand really varies. The standard deviation of demand was determined from a data sample to be

b. The boss is concerned about this model because demand really varies. The standard deviation of demand was determined from a data sample to be 6.75 cans per day. The manager wants a 99 percent service probability. Determine a new inventory plan based on this information and the data in a. Use Qopt from a. (Use Excel's NORMSINVO function to find the correct critical value for the given a-level. Do not round Intermediate calculations. Round "x" value to 2 decimal places and final answer to the nearest whole number.) New reorder point cans b. The boss is concerned about this model because demand really varies. The standard deviation of demand was determined from a data sample to be 6.75 cans per day. The manager wants a 99 percent service probability. Determine a new inventory plan based on this information and the data in a. Use Qopt from a. (Use Excel's NORMSINVO function to find the correct critical value for the given a-level. Do not round Intermediate calculations. Round "x" value to 2 decimal places and final answer to the nearest whole number.) New reorder point cans

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