Question: Problem 5. (20 points) A computer products store stocks color graphics monitors, and the daily demand is normally distributed with a mean of 4 monitors

Problem 5. (20 points) A computer products store
Problem 5. (20 points) A computer products store
Problem 5. (20 points) A computer products store stocks color graphics monitors, and the daily demand is normally distributed with a mean of 4 monitors and a standard deviation of 1 monitor. The lead time to receive an order from the manufacturer is 9 days. Determine the reorder point that will achieve a 97.72 percent service level. The store maintains a continuous review inventory system. (Please use the table in page 2.) z-value -2.00 -1.00 -0.80 -0.50 probability 0.0228 0.1587 0.2119 0.3085 Z-table 2-value probability -0.25 0.4013 -0.20 0.4207 0.20 0.5793 0.25 0.5987 z-value 0.50 0.80 1.00 2.00 probability 0.6915 0.7881 0.8413 0.9772 2

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