The VP for Fite's Footballs has asked you to perform an audit of inventory levels for a different region. The inventory manager was recently terminated and you need to determine the appropriate inventory planning factors. Management has set the service level at $85\%.$ Given the data below, what $"$K$"$ value should be used in the inventory management planning activities?

Price $$100$

Annual Demand $156,000$ units

Cost per Order $$200$

Cost to hold the item per year $25\%$

Economic order quantity $1580$

Lead Time $3$ weeks

Standard Deviation of Forecasted Demand During Lead Time $200$

K$-$Service Level Conversion.png

k $-$ N$[$k$]$ Conversion.png

Group of answer choices

$0\mathrm{.}00$

$0\mathrm{.}50$

$0\mathrm{.}80$

$0\mathrm{.}84$

$1\mathrm{.}04$