Write a management memo to Mark Simkin. In it, address the following question: He wants to advertise a 99% service level, to keep pace with the competition. Based on your analysis here, what service level would you recommend for him for Q=75 and Q=160? Is 99% realistic? Why or why not? (look at my previous question, the question was not answered the Question is

Based on your analysis here, what service level would you recommend for him for Q=75 and Q=160? Is 99% realistic? Why or why not?

***Do not copy the exact same answer for this question on Chegg, that answer is wrong, and this is why I'm posting it. Swervice level is not Q160... service level should be a percentage

This is the background info: Background: Simkin's hardware store also sells the Amazing Widget. Mark Simkin wants to test out two policies of ordering either 75 or 160 Widgets, with a reorder point to be determined by you. In other words, every time inventory at the end of an evening is X Widgets or fewer, he will call his supplier and place an order for either 75 or 160 more. If he calls Monday night, it arrives Tuesday morning. The holding costs are $3.00 per unit per day, and the revenue per unit is $10.00. His beginning inventory is 100 units. Stockouts become lost sales, not backorders. This means his inventory never goes below 0. His demand is normally distributed with a mean of 40 and a stdev of 10. Answer the question: Based on your analysis here, what service level would you recommend for him for Q=75 and Q=160? Is 99% realistic? Why or why not? Use previous analysis for this question (It can be found on chegg) to get the solution to this question please and thanks