Question: PLEASE ANSWER QUESTION 2 ONLY! DO NOT ANSWER QUESTION 1 OR I WILL DOWNVOTE YOUR ANSWER! 1. Consider the following information for inventory management. The

PLEASE ANSWER QUESTION 2 ONLY! DO NOT ANSWER QUESTION 1 OR I WILL DOWNVOTE YOUR ANSWER!

PLEASE ANSWER QUESTION 2 ONLY! DO NOT ANSWER

1. Consider the following information for inventory management. The item is demanded 50 weeks a year. The forecasting department does not have enough information to predict demand variability thus initial analysis will be based on constant demand. 2. Reconsider Question 1. The forecasting department estimates that the weekly demand is normally distributed with a standard deviation of 25 . The firm targets to fulfill the demand 95% of the time. Answer 1. (a) and 1.(b) under these added information

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