(Answered) A computer products store stocks color graphics monitors

Finance

A computer products store stocks color graphics monitors, and the daily demand is normally distributed with a mean of 1.6 monitors and a standard deviation of 0.4 monitor. The lead time to receive an order from the manufacturer is 15 days.

Determine the reorder point that will achieve a 98% service level.

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Financial Management, Finance

Category:- Financial Management
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