Question: 2. (10 points] Continuous Uniform [0, d) Demand. (a) [5 points] Derive formulas (as functions of y) for E (sales), E (shortage), E (surplus] and

2. (10 points] Continuous Uniform [0, d) Demand.

2. (10 points] Continuous Uniform [0, d) Demand. (a) [5 points] Derive formulas (as functions of y) for E (sales), E (shortage), E (surplus] and E (profit] X Hint: Use your results from Problem 1. Remember that F(x) d' (b) [5 points] Derive a formula for the optimal order quantity y* (the value that maximizes E [profit], where profit is given by the formula (1) in Problem 1). 1

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