Assignment:
Based on available information, lead time demand for PC jump drives averages 50 units (normally distributed), with a standard deviation of 5 drives. Management wants a 97% service level.
a) What value of Z should be applied?
b) How many drives should be carried as safety stock?
c) What is the appropriate reorder point?
Provide complete and step by step solution for the question and show calculations and use formulas.