Question: Dunster's Department Store would like to develop an inventory ordering policy of a 95 percent probability of not stocking out. To lustrate your recommended procedure,

Dunster's Department Store would like to develop an inventory ordering policy of a 95 percent probability of not stocking out. To lustrate your recommended procedure, use as an example the ordering policy for white percale sheets Demand for white percale sheets is 3.400 per year. The store is open 365 days per year. Every two weeks (14 days) Inventory is counted and a new order is placed. It takes 9 days for the sheets to be delivered. Standard deviation of demand for the shoes is serven per day. There are currently 120 sheets on hand. How many sheets should you order? (Use Excel's NORMSINVO function to find the correct critical value for the given level. Do not round Intermediate calculations. Round or value to 2 decimal places and final answer to the nearest whole number Number of sheets

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