Question: For the entire test, please trumber ONLY. It is recommended that you directly copy results from the Excel. In case you are manually entering the

For the entire test, please trumber ONLY. It is recommended that you directly copy results from the Excel. In case you are manually entering the answers, Keep at least decimal plaer Problem 1. A retailer estimates that the demand of a certain product follows the normal distribution with mean of 1000 units and the standard deviation of 200 units for this season. The retail price of this product is set at $180 while the cost is $120 per unit. Each unsold product will be put on clearance sales for 580 at the end of this season (assuming all unsold products can be sold during the clearmce sales). Question 1.1 What is the cost of ordering one product less than the demand? QUESTION 2 n no cts Problem Question 1 2. What is the cost of ordering the product more than the demand

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