Question: USETHE FOLLOWING INFORMATON TO ANSWER QUESTIONS Each year just after Christmas, a department store's buyer places an order with an offshore supplier for the store's
USETHE FOLLOWING INFORMATON TO ANSWER QUESTIONS
Each year just after Christmas, a department store's buyer places an order with an offshore supplier for the store's private label raincoats. Upon receipt, the raincoats sell at the regular retail price through April th Afterward, the store liquidates its stock of the raincoats to a discount retailer. Historical sales suggest that demand for the raincoats is normally distributed with a mean of units and a standard deviation of units.
What senvice level will the department store achieve if the buyer determines that the optimal order quantity is raincoats? Round your answer to three decimal places
None of the above
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