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

To answer this question you will need to use the

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 80 and a standard deviation of 8 units. We have determined that an 11.51% risk of a stockout is acceptable. If it is time to order this item, and our current on- hand inventory is 384 units, how many units should we order? (Round to 2 decimal places) Z G(Z) 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 1.20 0.8849 1.70 0.9554 2.20 0.9861 1 1,339.99

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