Question: Consider the upscale Royal Bakery which charges $ 2 5 0 for a chocolate babka ( it ' s very special ) , while the
Consider the upscale Royal Bakery which charges $ for a chocolate babka its very special while the production cost for the same babka is $ A neighboring restaurant has agreed to buy all the chocolate babkas that are left at the end of the day at the price of $ per babka. Note: this same restaurant will not buy any leftover cinnamon babkas.
What is the Newsvendor quantile for Royal Bakery's chocolate babkas?
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