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Management wants to change the safety stock of dehydrated water to be 1.25 pounds. This item has a standard deviation during the lead time of 1.5 pounds with an average of 64.3 pounds maintained in inventory. Calculate the percentage of time that you expect to run out of dehydrated water. (Keep two decimal places in your answer that represents percentage)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92179185

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