Question: Complete the following exercises in an Excel Workbook (one sheet per exercise): 3. Weekly demand for paper towels at a Walmart store is normally distributed

Complete the following exercises in an Excel Workbook (one sheet per exercise):

3. Weekly demand for paper towels at a Walmart store is normally distributed with a mean of 1,200 and a standard deviation of 350. The supplier takes two weeks to supply a Walmart order, which is for a batch size of 5000. Walmart is aiming for a fill rate of 99 percent and monitors its inventory continuously. How much safety inventory of paper towels should Malmart carry? What should its ROP be?

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