Question: Could you please do this question with explanation if you have any question please asl thank you You are selling newspapers. The wholesale price for

Could you please do this question with explanation

if you have any question please asl

thank you

Could you please do this question with

You are selling newspapers. The wholesale price for each newspaper is 10 cents. The retail price for each newspaper is $1. At the end of each day, you can sell your unsold newspaper to a recycling company for 1 cent each. Suppose that the daily demand is normally distributed with mean = 1000 and standard deviation = 200. What is the optimal order quantity based on the newsvendor model (answer (two decimals): XXXXX.XX)

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