Question: Problem 2 0 - 1 0 ( Algo ) You are a newsvendor selling the San Pedro Times every morning. Before you get to work,
Problem AlgoYou are a newsvendor selling the San Pedro Times every morning. Before you get to work, you go to the printer and buy the day'spaper for $ a copy. You sell a copy of the San Pedro Times for $ Daily demand is distributed normally with mean andstandard deviation 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?Note: Use Excel's NORMSINV function to find the correct critical value for the given alevel. Round your zvalue to decimal places and final answer to decimal places.HelpSave & ExitFinish updateSubmitCheck my workPrintReferencesb. Based on a what is the probability that you will run out of stock?Note: Round your answer to the nearest whole percent
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