Question: Problem 2 0 - 1 0 ( Algo ) You are a newsvendor selling the San Pedro Times every morning. Before you get to work,

Problem 20-10(Algo)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'spaper for $0.30 a copy. You sell a copy of the San Pedro Times for $1.10. Daily demand is distributed normally with mean =265 andstandard deviation =53. 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 a-level. Round your z-value to 2 decimal places and final answer to 2 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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