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YSU store sells university logo hats. Daily demand is 2 4 hats with a standard deviation of 4 hats per day. Each hat costs $

YSU store sells university logo hats. Daily demand is 24 hats with a standard deviation of 4 hats per day. Each hat costs $7.85. Ordering costs are $11. The carrying costs are $1 per year. The store is open 250 days per year. Lead time is 5 days with a standard deviation of 1.6 days. Desired service level is 98%.
Use the z-table.pdf to find the corresponding z-value.
Calculate the ROP with safety stock.

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