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 units and a standard deviation of units. This is a highmargin monopoly item, with a variable production cost of $ per unit and a sales price of $ per unit. In addition, the producer must pay $ to discard any unsold units. How many units should be produced?
a$ unit.
b$ lunit.
cvalue round your response to two decimal places
d The production quantity should be units round your response to the nearest integer
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