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The daily demand for smart light switches at a hardware store is normally distributed, with an average of 80 and a standard deviation of 10
The daily demand for smart light switches at a hardware store is normally distributed, with an average of 80 and a standard deviation of 10 units. The store manager is willing to accept a risk of stockout 3% of the time during the lead time, which is constant at 5 days. Answer the following questions. Write your final answer only (without intermediate steps) in the blanks below. Question 10 (2 points) The service level that the store manager wants to maintain = A .Use 2-decimal accuracy for the final answer, e.g., 0.12, when necessary. Question 11 (2 points) The appropriate value of Z (i.e., the number of standard normal deviations) = A Use 2-decimal accuracy for the final answer, e.g., 0.12, when necessary. Question 12 (2 points) Safety stock - A units. Round the final answer (if it is not a whole number) to the nearest whole number. Question 13 (2 points) Reorder point A/ units. Round the final answer (if it is not a whole number) to the nearest whole number
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