Computing standard deviation of daily demand, Basic Statistics

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Computing standard deviation of daily demand

Assignment:

Demand for Etched Impressions Wood products averages 34 units per day with a standard deviation of daily demand being 6. Lead time is 6 days. This IBC company strives for a 95% service level.

What is the Z-value for the company's desired service level? (Display your answer to two decimal places.)
What is the standard deviation of demand during the lead-time period? (Display your answer to two decimal places.)
How many units of wood should Etched Impressions carry for safety stock? (Display your answer to two decimal places.)
What is the appropriate reorder point for Etched Impressions? (Display your answer to two decimal places.)

Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

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