What is the probability of a stockout during leadtime

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The injection molding department of a company uses 40 pounds of powder per day. inventory is reordered when the amount on hand is 240 pounds. lead time averages five days. it is normally distributed and has a standard deviation of two days. what is the probability of a stockout during leadtime? (show work please)

Reference no: EM131029755

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What is the probability of a stockout during leadtime : The injection molding department of a company uses 40 pounds of powder per day. inventory is reordered when the amount on hand is 240 pounds. lead time averages five days. it is normally distributed and has a standard deviation of two days. what is t..

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