Demand of product can be specified by normal distribution

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The daily demand of a product can be specified by a normal distribution. The average daily demand is 250 units with a standard deviation of 40 units. The order lead time for this product is also normally distributed with an average of 10 days and a standard deviation of 3 days. What is the safety stock and reorder point for a 95 percent in-stock probability?

Reference no: EM131441150

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