Essay
A manager reorders lubricant when the amount on hand reaches 422 pounds. Average daily usage is 45 pounds, which is normally distributed with a standard deviation of three pounds per day. Lead time is nine days. What is the risk of a stockout?
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= 45 lbs. per day; = 3 lbs. per day; L...View Answer
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Correct Answer:
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= 45 lbs. per day; = 3 lbs. per day; L...View Answer
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