The annual denland fot a product is 14,400 unts. The weelly demand is 277 units with a standwd deviation of 80 unats The cost to place an orderis $2800, and the time from ordering to receipt is eight weefs. The annuaf inventory carrying cost bo $0 to pet unit. 6. Find the reordes point necessary to provide a 95 percent service probabilly Note: ULe Excel's NORM,S. INVD function to find the 2 value. Pound z vnlue to 2 decimal pleces. b. Suppose the production maniger is asked to reduce the safety stock of this hem by s 5 percent if she does yo, what wo the new. Hervice probatuiny be? Note: Uue Eacers NOBMS. DiST0 function to find the correct grobabilily for your computed x value. Pound = 2 " volue to 2 decienal placest and final answee to 1 decimal place. The annual demand for a product is 14,400 units. The weekly demand is 277 units with a standard deviation of 80 units. The cost to place an order is $28.00, and the time from ordering to receipt is eight weeks. The annual inventory carrying cost is $0.10 per unit. 0. Find the reorder point necessary to provide a 95 percent service probability. Note: Use Excer's NORM.S.INV0 function to find the z value, Round z value to 2 decimal places. b. Suppose the production manager is asked to reduce the safety stock of this item by 45 percent. If she does so, what will the new service probability be? Note: Use Excei's NORM.S.DIST0 function to find the correct probability for your computed z value. Round " z" value to 2 decimal places and final answer to 1 decimal place