Question: Weekly demand for quilts at Macy's is normally distributed with a mean of 366 units/week and standard deviation of 89 units/week. The lead time is

Weekly demand for quilts at Macy's is normally distributed with a mean of 366 units/week and standard deviation of 89 units/week. The lead time is also normally distributed with mean 4 weeks and standard deviation 3 weeks. Macy's orders quilts at a unit cost of $180. The annual cost of carrying inventory at the store is 32% of the purchase cost per unit per year. The store reviews its inventory continuously. Compute the reorder point needed to maintain a service level of 95%. Round your answer to the nearest tenth of a unit. A table of z-values is provided for your reference.

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