Question: please help solved and explain steps Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead

Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of 4 weeks and a standard deviation of 2 weeks. Demand is also a variable and normally distributed with a mean of 225 cigars per week and a standard deviation of 24 cigars. Refer to the standard normal table for z-values. This exercise contains only parts a and b. a) For a 97% service level, what is the ROP? The reorder point is cigars (round your response to the nearest whole number). Z-Table \begin{tabular}{|c|c|} \hline Z & Pr(Z) \\ \hline 0.38 & 65 \\ 0.50 & 69 \\ 0.67 & 75 \\ 0.84 & 80 \\ 1.04 & 85 \\ 1.28 & 90 \\ 1.41 & 92 \\ 1.56 & 94 \\ 1.65 & 95 \\ 1.75 & 96 \\ 1.88 & 97 \\ 2.06 & 98 \\ 2.33 & 99 \\ \hline \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
