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Business, 27.02.2020 22:49 Redhead667

UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hamburger patties, buns, milk, and so on). UAHH counts its current inventory on hand once per day and phones in its order for delivery 24 hours later.

Average daily demand 525
Standard deviation of demand 120
Desired service probability 98 %
Hamburger inventory 930

Determine the number of hamburgers UAHH should order for the above conditions.

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