Question: Q 3 ( 4 pts ) . Average weekly demand for free - range dog biscuits is 1 0 0 bags per week, with a

Q3(4 pts). Average weekly demand for free-range dog biscuits is 100 bags per week, with a standard
deviation of 10 bags. Chloe uses a continuous inventory review system to manage inventory of the biscuits.
She wants to set the reorder point high enough that there is 1% chance of running out before the next order
comes in. Assuming that the lead time is constant 7 days. What is the inventory level at which the stock
needs to be replenished? (Keep two decimals)
 Q3(4 pts). Average weekly demand for free-range dog biscuits is 100

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