Question: (a) Realizing that the continuous normal demand distribution does not lend itself well to decision trees that require a discrete set of outcomes, the company

(a) Realizing that the continuous normal demand distribution does not lend itself well to decision trees that require a discrete set of outcomes, the company decides to replace the normal demand distribution with a dis- crete distribution with five "typical" values. Specifically, it decides to use the 10th, 30th, 50th, 70th, and 90th percentiles of the given normal distri- bution. Why is it reasonable to assume these five possibilities are equally likely? With this discrete approximation, how should the company pro- ceed

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