Mean and standard deviation

by | Aug 25, 2021 | Assignment Help

Weekly demand for DVDs at a retailer is normally distributed with a mean of 1062 boxes and a standard deviation of 303.Assume the following data:There are 49 working weeks in a year.Lead time for delivery of an order is 4 weeks.The retailer takes ownership of the product only when the product reaches the store (i.e., the retailer is not responsible for pipeline inventory).Fixed cost (ordering and transportation) per order is $105.Each box of DVDs costs $4.Percent carrying cost is 19% of the unit value.The retailer currently orders 27540 DVDs when stock on hand reaches 5335.5) What is the current service level? Give your answer in percentage points and round to a whole number.

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