Short Answer
A lawn and garden shop that is open for business seven days a week orders bags of grass seed every other Monday.Lead time for seed orders is five days.On Monday,at ordering time,a clerk found 112 bags of seed in stock so he ordered 198 bags.Daily demand for grass seed is normally distributed with a mean of 15 bags and a standard deviation of four bags.
The manager would like to know the probability that a grass seed stockout will occur before the next order arrives.
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z = 1.43,s...View Answer
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