Question: To answer this question you will need to use the table below... We manage a particular inventory item with a Periodic Review system. We review

To answer this question you will need to use the table below... We manage a particular inventory item with a Periodic Review system. We review our inventory position every 17 days. Lead time for this item is equal to 4 days. Daily demand for this item is normally distributed with a mean of 60 and a standard deviation of 7 units. We have determined that a 9.68% risk of a stockout is acceptable. If it is time to order this item, and our current on-hand inventory is 381 units, how many units should we order? (Round to 2 decimal places) Z GIZ) z G(Z) Z G(Z) Z G(Z) 0.25 0.5987 0.75 0.7734 1.25 0.8944 1.75 0.9599 0.30 0.6179 0.80 0.7881 1.30 0.9032 1.80 0.9641 0.35 0.6368 0.85 0.8023 1.35 0.9115 1.85 0.9678 0.40 0.6554 0.90 0.8159 1.40 0.9192 1.90 0.9713 0.45 0.6736 0.95 0.8289 1.45 0.9265 1.95 0.9744 0.50 0.6915 1.00 0.8413 1.50 0.9332 2.00 0.9772 0.55 0.7088 1.05 0.8531 1.55 0.9394 2.05 0.9798 0.60 0.7257 1.10 0.8643 1.60 0.9452 2.10 0.9821 0.65 0.7422 1.15 0.8749 1.65 0.9505 2.15 0.9842 0.70 0.7580 0.8849 1.70 0.9554 2.20 0.9861 1.20

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