Question: Demand for a given inventory item averages 30 units per week with a standard deviation of 5 units. Lead time for this item is 4

Demand for a given inventory item averages 30 units per week with a standard deviation of 5 units. Lead time for this item is 4 weeks. If we are using a reorder point of 132.82 units, what is our risk of a stockout? (Round to 2 decimal places and just report the number ... if your answer is 2.3% then simply report 2.3.)

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