Inventory management - Multiple replenishment opportunities (2) Consider an electronics retail store, wherein the cameras are expected to sell well for multiple seasons, so multiple replenishment opportunities are possible. Suppose the average monthly demand for cameras at this store is 175 units. The retailer implements continuous review policy to manage inventory. What is the stock-out probability the retaller achieves by setting the reorder point to 215 units if the standard deviation of the monthly demand is 20 and the supplier can guarantee a 1-month lead time? (Note: Use the z-table from the lecture notes, and choose the closest answer.) Multiple Choice 10.15% 3.0% 228% 4.0%