Question: (*5 points) Relation between Expected Profit and Critical Ratio value: Let Newsvendor Expected Profit = C. x Expected Sales - Cox Expected Leftover, where Sales

(*5 points) Relation between Expected Profit and
(*5 points) Relation between Expected Profit and
(*5 points) Relation between Expected Profit and Critical Ratio value: Let Newsvendor Expected Profit = C. x Expected Sales - Cox Expected Leftover, where Sales = min(Q, Demand), Leftover = Q- Sales, with Q = Newsvendor Quantity. In the news vendor problem, the expected profit as the critical ratio Pick from options below and explain the reasoning for your choice. a. decreases, increases b. decreases, decreases c. increases, stays the same d. stays the same, increases e. cannot say, because You are a retailer. You buy a product at $3.00 from a supplier and sell it for $5.00. It costs the supplier $2.00. Unsold items can be marked down and sold for $1.50. Demand is normally distributed between with mean 200 and standard deviation 40. A

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