Question: please explain your reasoning 2. Suppose demand is normally distributed with mean 50 and standard deviation 5. (a) If the target service level is 0.6,

please explain your reasoning 2. Suppose demand

please explain your reasoning

2. Suppose demand is normally distributed with mean 50 and standard deviation 5. (a) If the target service level is 0.6, what is the optimal order quantity? (6) Explain in words what it means to have a service level of 0.6 (or 60%). (c) Disregarding the above, suppose the order quantity is 65. What is the effective service level

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