Question: Consider a newsvendor problem where demand is expected to be normally distributed with a mean of 3 0 0 0 units and a standard deviation

Consider a newsvendor problem where demand is expected to be normally distributed with a mean of 3000 units and a standard deviation of 600 units. This is a high-margin monopoly item, with a variable production cost of $61 per unit and a sales price of $195 per unit. In addition, the producer must pay $5 to discard any unsold units. How many units should be produced?
a)u=$ unit.
b)0=$ q, lunit.
c)Z-value =q,(round your response to two decimal places).
d) The production quantity should be units (round your response to the nearest integer).
 Consider a newsvendor problem where demand is expected to be normally

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