Question: A. A newspaper is bought for Rs. 5 from a shopkeeper and sold at Rs. 10. Any unsold newspaper for the day can be salvaged

A. A newspaper is bought for Rs. 5 from a shopkeeper and sold at Rs. 10. Any unsold newspaper for the day can be salvaged at Rs. 1.50 per paper. As per his experience so far, demand for this newspaper had been 50 on an average with SD 5 normally distributed. What should be the order size he makes? B. Every week a retailer makes an order for a particular furniture to a carpenter shop. The carpenter takes 3 days to ship. The daily demand for that furniture is 5 on an average with SD 2. If the retailer wants to 99% of the demand, what should be the order size he need to make if he has 2 items in hand?

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