Daily demand for a certain product is normally distributed with a mean of 65 and a standard…

Daily demand for a certain product is normally distributed with
a mean of 65 and a standard deviation of 6.5. The source of supply
is reliable and maintains a constant lead time of six days. The
cost of placing an order is $11 and annual holding costs are $0.60
per unit. There are no stock out, and unfulfilled orders are filled
as soon as the order arrives. Assume sales occur over the entire
365 days of the year, Find the order quantity and reorder point to
satisfy a 98 % probability of not stocking out during the lead
time.

A. Place an order for 932.69 when stock falls to 422.64

B. Place an order for 932.69 when stock falls to 328.65

C. Place an order for 1034.42 when stock falls to 422.64

D. Place an order for 1034.42 when stock falls to 328.65

E. None of these

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