Question: please answer both questions Question 1 (2.5 points) The demand for a certain magazine at a convenience store is 30 per day with a standard

please answer both questions please answer both questions Question 1 (2.5
Question 1 (2.5 points) The demand for a certain magazine at a convenience store is 30 per day with a standard deviation of demand of 7. The owner of the store would like to cover 87.49% of demand. How many magazines should be stocked at the store each day? 6 62 .? 38 65 12 31 15 18 Question 2 (2.5 points) A product is assumed to have constant demand. Find the economic order quantity given the following: Annual demand - 1,075 units, Days per year = 350, Order cost = $8, Holding cost = $3/unit/year, Lead time = 9 days, Cost/unit = $14.75. 21 76 24 87 84 27 70 30

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!