Question: The following three questions are based on the same content. Weekly demand for cell phones at a retailer is normally distributed with a mean of
The following three questions are based on the same content. Weekly demand for cell phones at a retailer is normally distributed with a mean of phones and a standard deviation of The retailer replenishes inventory by ordering from a distributor, with a lead time of two weeks. Currently, the store continuously monitors the inventory of phones, and achieves an instock probability of
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