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A parts supply store orders a particular item on a weekly basis. The weekly demand is 30 units with a standard deviation of four units.

A parts supply store orders a particular item on a weekly basis. The weekly demand is 30 units with a standard deviation of four units. The holding cost is $5 per unit per week and a 90% in-stock probability is desired. What is the store's average on-hand inventory for this item if lead time is three weeks?

Multiple Choice

10.24

90.00

58.76

30.00

Handwritten solutions not required

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