Question: Newsvendor model when demand is normal + = 9 0 is called the critical fractile = 1 5 = 5 Suppose demand is normally distributed
Newsvendor model when demand is normal
is called the critical fractile
Suppose demand is normally distributed with mean
and standard deviation
k Calculate the critical fractile:
Find the corresponding
value
Optimal Quantity
times
ie just for Normal distribution. How do i find the z
value
given this information without the confidence level. Whats the formula or technique please explain thanks
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