Question: Exhibit 1. A bicycle store operates 200 days a year and has an annual demand of 1200 bicycles. The standard deviation of daily demand is

Exhibit 1. A bicycle store operates 200 days a

Exhibit 1. A bicycle store operates 200 days a year and has an annual demand of 1200 bicycles. The standard deviation of daily demand is 2.14 bicycles. It costs $12 to keep a bicycle in inventory for a year. Each time the store orders bicycles, it has to pay a shipping charge of $100. When it orders bicycles, they take 4 days to arrive. Question 14 (1 point) Refer to Exhibit 1.What is the economic order quantity this company should use for this bicycle? 12 52 84 141 112

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