Question: Please answer detailed clarity, completeness, detailed calculations Problem 2: A fall fashion dress costs $100 and sells for $150. At the end of the fall

Please answer detailed clarity, completeness, detailed calculations

Problem 2: A fall fashion dress costs $100 and sells for $150. At the end of the fall season all unsold dresses are marked down and sold at $70. Demand of this fashion dress is normally distributed and given by N(500,50). a. Determine the optimal order quantity. If the company orders that quantity what would be the probability of stock out? b. Find the stocking level for providing 80% service level. C. If the company buys 600 units, what service level will it achieve? What would be the probability of stock out

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