Question: *PLEASE TYPE YOUR ANSWER (NO SCREENSHOTS OR IMAGES) IN FULL & DETAIL WORKING SOLUTIONS, NO POINT FORM. THANK YOU IN ADVANCE 2. Ikea sells a

*PLEASE TYPE YOUR ANSWER (NO SCREENSHOTS OR IMAGES) IN FULL & DETAIL WORKING SOLUTIONS, NO POINT FORM. THANK YOU IN ADVANCE

2. Ikea sells a type of Christmas tree each holiday season. Suppose the cost is $2.5 each unit and it sells for $7.5. Leftover is dumped and the store has to pay $1.0 each. How much to order for the coming season under each of the following scenarios? a) Scenario 1: Based on the historical sales data, the seasonal demand is estimated to be uniformly distributed between 2200 and 4500. b) Scenario 2: Based on the historical sales data, the demand is estimated to follow the following distribution. 2800 4500 Demand 2000 Probability 0.05 2500 0.1 3000 0.25 3500 0.2 3800 0.17 0.2 0.03

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