Question: Based on available information, lead time demand for PC jump drives averages 47 units (normally distributed), with a standard deviation of 5 drives. Management wants

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Based on available information, lead time demand for PC jump drives averages 47 units (normally distributed), with a standard deviation of 5 drives. Management wants a 98% service level. Refer to the : for z-values. a) What value of Z should be applied? b) How many drives should be carried as safety stock? units (round your response to the nearest whole number). Chicago's Hard Rock Hotel distributes a mean of 1,100 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with a standard deviation of 100 towels per day, based on occupancy. The laundry firm that has the linen contract requires a 2 -day lead time. The hotel expects a 98% service level to satisfy high guest expectations. Refer to the for z-values. a) What is the reorder point? towels (round your response to the nearest whole number). b) What is the safety stock? towels (round your response to the nearest whole number). Cynthia Knott's oyster bar buys fresh Louisiana oysters for $4 per pound and sells them for $9 per pound. Any oysters not sold that day are sold to her cousin, who has a nearby grocery store, for $3 per pound. Cynthia believes that demand follows the normal distribution, with a 100 pounds and a standard deviation of 18 pounds. How many pounds should she order each day? Refer to the for z-values. Cynthia should order pounds of oysters each day (round your response to one decimal place). University of Florida football programs are printed 1 week prior to each home game. Attendance averages 75,000 screaming and loyal Gators fans, of whom two-thirds usually buy the program, following a normal distribution, for $4 each. Unsold programs are sent to a recycling center that pays only 20 cents per program. The standard deviation is 10,000 programs, and the cost to print each program is $1. Refer to the standard normal table for z-values. a) What is the cost of underestimating demand for each program? Cs=$ (round your response to two decimal places)

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