Question: The average daily demand for a product is normally distributed with a mean of 2 5 units and a standard deviation of 4 unitsLead time

The average daily demand for a product is normally distributed with a mean of 25 units and a standard deviation of 4 unitsLead time is fixed at 10 days. Answer the following questionsUse appropriate formulae and tablesShow your calculations for each question. No credit is earned for answers without calculations a ) How much safety stock is needed if you are willing to have a stockout occur no more than 6% of the time? b) What is the reorder point?

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