Question: Question 3 . A shop stocks a high - volume item that has a normally distributed demand during lead time. The expected demand during lead

Question 3. A shop stocks a high-volume item that has a normally distributed demand during lead time. The expected demand during lead time is 500 units, and the standard deviation of demand during lead time is 25.
a) What should the reorder point that limits the probability of stockout to 5%? Also, write the Excel formula for this problem below.
b) How much must be the safety stock?
 Question 3. A shop stocks a high-volume item that has a

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