Question: Please answer the following question please provide deait answer and formulas, thanks you You are a newsvendor selling the San Pedro Times every morning. Before

Please answer the following question please provide deait answer and formulas, thanks you
You are a newsvendor selling the San Pedro Times every morning. Before you get to work, you go to the printer and buy the days paper for $0.50a copy. You sell a copy of the San Pedro Times for $2.50.Daily demand is distributed normally with mean =300and standard deviation =50.At the end of each morning, any leftover copies are worthless and they go to a recycle bin. According to the above information, answer the following six questions.
Question 1
Determine the underage cost. Keep two decimals.
Question 2
Determine the critical ratio. Keep two decimals.
Question 3
Determine the optimal order quantity. Round your answer to the nearest integer.
Question 4
Everything else being equal, which of the following will lead to increased optimal order quantity?
Increase the cost of the paper from $0.50to $0.60.
Reduce the selling price from $2.50to $2.20.
C.Increase the standard deviation of demand from 50to 60.
D.Reduce the mean of the demand from 300to 250.
Question 5
Suppose you want to find the order quantity that ensures a 95%in-stock probability, determine the order quantity. Round your answer to the nearest integer.
Question 6
Please us the L(Z )Table
Given order quantity Q=350,calculate the expected profit. Round your final answer to the nearest integer. DO NOT round intermediate results.

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