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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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