Question: Daily demand for a certain product is normally distributed, with an average of 60 and a standard deviation of 7. The supplier for the part

Daily demand for a certain product is normally distributed, with an

Daily demand for a certain product is normally distributed, with an average of 60 and a standard deviation of 7. The supplier for the part maintains a lead rime of six dayx. The cast of placing the oeder is $10 and annual holding costs are 50.50 per unit. Find the ofder quantity aed reorder point to satisfy a 95% probalolity of not slocking out during the lead time

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