3. The injection molding department of a company that operates 24x7 uses an average of 43 gallons of special lubricant per day. The usage of lubricant is normally distributed with a standard deviation of 7.3 gallons per day and it takes 5.3 weeks for an order of lubricant to be delivered.

If the company can tolerate a probability of stockout equal to 7%, what is the reorder point?

The correct answer is 1,661.1069

Please solve this problem showing your steps to get that answer. (If your answer is different than correct answer above please don't post it)

4.

The injection molding department of a company that operates 24x7 uses an average of 46 gallons of special lubricant per day. The usage of lubricant is normally distributed with a standard deviation of 7.2 gallons per day and it takes 3.4 weeks for an order of lubricant to be delivered.

If the target service level is 74%, what is the reorder point?

The correct answer is 1,117.2802

Please solve this problem showing your steps to get that answer. (If your answer is different than correct answer above please don't post it)