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Business, 08.12.2020 01:30 vardo13

Regional Supermarket is open 365 days per year. Daily use of cash register tape averages 18 rolls. Usage appears normally distributed with a standard deviation of 2 rolls per day. The cost of ordering tape is $1.50, and carrying costs are 39 cents per roll a year. Lead time is 2 days. c. What is the expected number of units short per cycle of 97%? Per year?

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