Stock out of houses before the replenishment arrives

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Reference no: EM132244507

Hansel and Gretel sell gingerbrewad houses at the airport. They buy the houses from an old witch living in Montrose. The average and standard deviation of demand during replenishment lead time is 60 and 10 units, respectively. Gretel got lost in the forest this week and didn't place a replenishment order on time. If she places an order at the end of today when there are 55 units in inventory, what is the probability they do not stock out of houses before the replenishment arrives?

Reference no: EM132244507

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