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Q. The injection moulding department of an organization uses 40 pounds of a powder a day. Inventory is reordered when the amount on hand is 240 pounds. Lead time averages five days. It is normally distributed also has a criterion deviation of 2 days. Illustrate what is the probability of a stock out during lead time?

Elucidate how to compute the probability in this problem, can you help me?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9311212

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