Suppose customer demand follows a Normal distribution with mean 3000 and standard deviation 400. Suppose for an order quantity Q=3500, you calculated the Expected Lost Sales=225. What is the Expected Fill Rate? O 0.075 O 0.925 O 0.8943 O 0.1056 QUESTION 5 Suppose in a Newsvendor model setting, customer demand follows a Normal distribution with mean 3000 and standard deviation 400. If you want to make sure the service level (in-stock probability) is 90%, how many units should you order? 3202 2855 3513 O Cannot be calculated with the available information. QUESTION 6 True or False: Newsvendor model can only be used by first estimating either a Normal or Poisson demand distribution. O True O False QUESTION 7 Suppose the order-up-to level (S) for a product is 560 units. Suppose the current inventory position is 500 units. How many units should you order? 560 O 60 O Cannot be calculated with the available information