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A restaurant uses an average of 5 0 jars of a special sauce each week. Weekly usage of sauce has a standard deviation of 3
A restaurant uses an average of jars of a special sauce each week. Weekly usage of sauce has a standard deviation of jars. The manager is willing to accept no more than a percent risk of stock during lead time, which is two weeks. Assume the distribution of usage is normal.
a Which of the given formulas is appropriate for this situation? Why?
b Determine the value of z
c Determine the reorder point ROP
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