Paris Store stocks a part that has a normal distribution demand pattern during the reorder period. Its

Question:

Paris Store stocks a part that has a normal distribution demand pattern during the reorder period. Its average demand during lead time is 650 units, and the standard deviation of demand during lead time is 60 units. What are the safety stock and statistical reorder point that result in a 97.5 percent service level?

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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