Question: Please solve the following problem about the charger's case. Question 89: Suppose a company XYZ sells chargers to customers. It's charger has a selling price
Please solve the following problem about the charger's case.
Question 89:
Suppose a company XYZ sells chargers to customers. It's charger has a selling price of $87 and it costs the company XYZ $70 to make the charger. Any chargers that aren't sold can be sold at $65. The demand for chargers is: N(mean = 104, standard deviation = 18)
A) Compute the under-stocking cost and the over stocking cost.
B) Compute what the service level is (Do state your answer as a probability).
Please answer in full with your working out!
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