Ned chain of natural food stores sells shelled peanuts

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Ned's chain of natural food stores sells shelled peanuts by the pound. Historically, Ned has observed daily demand is normally distributed with a mean of 129 pounds and a standard deviation of 31 pounds. Lead time is 3 days. If Ned can tolerate a 33% probability of stockout, what is the reorder point? (Note: Use two decimal place z-value.) Carrry answer to 4 decimal places.

Reference no: EM132116635

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