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In a two-bin inventory system, the demand for three-inch lag bolts during the three-week lead time is normally distributed, with an average of 46 units
In a two-bin inventory system, the demand for three-inch lag bolts during the three-week lead time is normally distributed, with an average of 46 units per week. The standard deviation of weekly demand is 5 units. Part 2 a. What is the probability of demand exceeding the reorder point when the normal level in the second bin is set at 160 units? Refer to the standard normal tableLOADING... as needed
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