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Dunstreers Depatment Store would like to develop an inventory ordering policy with a 90 percent probabifity of not stocking out. To illustrate your recommended procedure,

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Dunstreers Depatment Store would like to develop an inventory ordering policy with a 90 percent probabifity of not stocking out. To illustrate your recommended procedure, use af an example the ordering policy for white percale sheets Demand for white percale sheets is 3400 per year The store is open 305 days per year Every fwo weeks (14 days) inventory is counted and a new order is placed. It takes 12 days for the sheets to be delivered. Standard devlation of demand for the sheets is five per doy There are currenty 170 theets onhand How mary sheets should you order? Nore: Use Excel's NORM.S. INV0 function to find the z yalue. Do not round intermediete calculations. Pound z value to 2 decimal ploces and final onswer to the nearest whole number. Dunstreet's Department Store would like to develop an inventory ordering policy with a 90 percent probability of not stocking out. To llilustrate your recommended procedure, use as an example the ordering policy for white percale sheets. Demand for white percale sheets is 3,400 per year. The store is open 365 days per year. Every two weeks (14 days) inventory is counted and a new order is placed. It takes 12 days for the sheets to be delivered, Standard deviation of demand for the sheets is five per day. There are currently 170 sheets on-hand How many sheets should you order? Note: Use Excel's NORM.S.INVO function to find the z value. Do not round intermediete calculations. Round z volue to 2 decimal ploces and final answer to the nearest whole number

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