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A person is using the normal distribution to determine the safety stock for a product. What "z" value would be associated with a 90 percent service level?

Suppose that lead-time demand is normally distributed with a mean of 100 units and a standard deviation of 20 units. If the firm wants to maintain a 97% service level, what should the reorder point be?

Please show the work when answering the questions thanks in advance.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91340178

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