Question: ) Based on the historical data, you found that the demand for electric bike is 20 units per week and the standard deviation of demand

) Based on the historical data, you found that the demand for electric bike is 20 units per week and the standard deviation of demand is 3 units. The lead time for an order is normally 4 week. In addition, you are expecting a 95% service level. The order cost is $2 per order and the holding cost per unit per week is $5. Based on EOQ theory, what will be the best order quantity that minimize the total cost? Please show all calculations and round to the closest whole number.

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