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need both parts You may need to use the appropriate technology to answer this question. A lawn and garden shop that is open for business
need both parts You may need to use the appropriate technology to answer this question. A lawn and garden shop that is open for business seven days a week orders bags of grass seed every other Monday, Lead time for seed orders is five days, On Monday. at ordering time, a clerk found 93 , bags of seed in stock, so he ordered 207 bags. Daily demand for grass seed is normally distributed with a mean of 14 bags and a standard deviation of four bags. The manager would like to know the probahility that a grass seed stochout will occur befare the next order arrives. (Round your answer to four decimal places.) A landscaping business sells iarge quantities of mulch. Daily demand for mulch at the store is found to be normally distributed with mean 57 ibs. and standard deviation 5lbs. When the store orders more mulch, the ordering cost is $35, and the arders take four days to arrive. Each pound of mulch costs 57.25, and there is 22% annual holding cost for inventory. Assume the store is open 360 days a vear. If the store wants the probability of stocking out to be no more than 5%, and demand each day is independent of the day before, what reorder point should be set? 244.45 260.90 277.35 310.24
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