Thanks buddy. You are the man! It wasn´t mentioned in the book why they multiplied the probability of 0.1 for "Safety Stock 10" (in your Video at approx. 6:15 explained). Now i understand, you look from the point where your safety stock is - in this case at 60. Than you look up to a probability where we could be out of stock and in this case it is at 70 units by a probability of 0.1. Thank you very much!!!!
Hey, Amazing video! I have a question regarding Confidence Intervals. If your C.T. is 95%, how is your z value 1.65 instead of 1.95 ? Thanks for the content. Everything other in video is beautifully explained with the examples.