Question: Please only answer question 10. T-shirts are sold for $4 each. It costs Sally $8 to make a specialty T-shirt. Sally's estimate of demand is

Please only answer question 10.

Please only answer question 10. T-shirts are sold

T-shirts are sold for $4 each. It costs Sally $8 to make a specialty T-shirt. Sally's estimate of demand is the following: a. What is the service rate (or optimal fractile)? b. How many T-shirts should she produce for the upcoming event? 10. You are a newsvendor selling the San Pedro Times every morning. Before you get to work, you go to the printer and buy the day's paper for $0.25 a copy. You sell a copy of the San Pedro Times for $1.00. Daily demand is distributed normally with mean =250 and standard deviation =50. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of the San Pedro Times should you buy each morning? b. Based on part (a), what is the probability that you will run out of stock? 11. Famous Albert prides himself on being the Cookie King of the West. Small, freshly baked cookies are the specialty of his shop. Famous Albert has asked for help to determine the number of cookies he should make each day. From an analysis of past demand, he estimates demand for cookies as the following

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