Question: please answer all this following 2A 2B 2C 2D 2E 2F This assignment thas 4 Questions with sub parts. For Questions 1 to 3 ,

please answer all this following 2A 2B 2C 2D 2E 2F
please answer all this following 2A 2B 2C 2D 2E
please answer all this following 2A 2B 2C 2D 2E
please answer all this following 2A 2B 2C 2D 2E
please answer all this following 2A 2B 2C 2D 2E
This assignment thas 4 Questions with sub parts. For Questions 1 to 3 , use the following definition of distribution types. Distribution Type 1: Normal distribution with mean =75 and std. dev =25 Distribution Type 2: Uniform Distribution U [50,100] Distribution Type 3: Discrete Distribution Q1. Newsvendor Problem: Let's say you are the manager of a famous band that is organizing a concert. You want to take advantage of this concert and sell some concert. T-shirts to music fans. You may procure Tshirts at a cost of $20 each. The price of T-shirt for the music fans is $50. Answer the following questions based on the above info. 1A. What is the underage cost? What does this cost represent? (0.5+1.5 pts ) 18. What is the overage cost? What does this cost represent? (0.5+1.5pts) 1C. What is the critical ratio? What does critical rotio represent? (0.5+1.5pts) 10. If demand of T-shirts is distributed as distribution type 1 , then how many T-shirts will you order? ( 2 pts) 1E. If demand of T-shirts is distributed as distribution type 2, then how many T-shirts will you order? (2 pts) 1F. If demand of T-shirts is distributed as distribution type 3, then how many T-shirts will you order? (2 pts) Q2. Protection Level: Let's say you are the Hotel Manager of Hotel Holiday. You have 300 rooms in the hotel. A famous band is organizing a concert near your hotel. Music fans can either book the hotel in advance for a discounted price of $100/ night or wait until the last minute to book a room at a price of $300/ night. The demand is large enough that you can sell out all rooms at $100/ hight. Answer the following questions based on the above info. 2A. What is the underage cost? What does this cost represent? (0.5+1.5pts) 2B. What is the overage cost? What does this cost represent? (0.5+1.5pts) 2C. What is the critical ratio? What does critical ratio represent? (0,5+1:5pts) 2D. If demand of last-minute music fans is distributed as distribution type. 1 , then how many rooms will you set aside for last-minute music fans? What is the Booking Limit for the discounted rooms? (2+1 pts) 2E. If demand of last-minute music fans is distributed as distribution type 2 , then how many rooms will you set aside for last-minute music fans? What is the Booking Limit for the discounted rooms? (2+1pts) 2F. If demand of last-minute music fans is distributed as distribution type 3, then how many rooms will you set aside for last-minute music fans? What is the Booking Limit for the discounted rooms? (2+1pts)

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