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3. Weekly demand for smartphones at an Apple store is normally distributed, with a mean of 500 and a standard deviation of 300. Foxconn, the
3. Weekly demand for smartphones at an Apple store is normally distributed, with a mean of 500 and a standard deviation of 300. Foxconn, the assembler, takes four weeks to supply an Apple order. Apple is targeting a CSL of 95 percent and monitors its inventory continuously. How much safety inventory of cell phones should the Apple store carry? What should its reorder point (ROP) be
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