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Tech Gadget Emporium offers a popular smartphone accessory bundle, with daily demand following a normal distribution having a mean of 75 bundles and a standard
Tech Gadget Emporium offers a popular smartphone accessory bundle, with daily demand following a normal distribution having a mean of 75 bundles and a standard deviation of 20 bundles. The lead time for restocking this bundle is 4 days on average, with a standard deviation of 1.5 days. The lead time demand is normally distributed. A 95% service level is aimed for. Determine the standard deviation of demand during the lead time
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Understanding Financial Accounting
Authors: Christopher D. Burnley
2nd Canadian Edition
1119406927, 978-1119406921
