The College Bookstore Sells a Unique Calculator to College Students

question 4

Multiple Choice

The College Bookstore sells a unique calculator to college students.The demand for this calculator has a normal distribution with an average daily demand of 20 units and a standard deviation of 4 units per day.The lead time for this calculator is 9 days.Compute the statistical reorder point that results in a 95 percent in-stock probability.Choose the closest answer.

• A) 20 units
• B) 80 units
• C) 180 units
• D) 200 units
• E) 420 units

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Definitions:

Cookies

Small pieces of data stored on a user’s computer by their web browser while browsing, used to remember information about the user.

Computer Files

Digital documents, images, videos, or other data stored electronically on a computer or digital storage medium.

Online Shopper

An individual who purchases products or services through the internet, utilizing digital platforms and e-commerce sites.

Manufacturer's Suggested

The retail price recommended by the producer of a product, often seen in the context of MSRP (Manufacturer's Suggested Retail Price).