Question: problem ---3 35 Ints eBook Print References Problem 11-10 (Algo) You are a newsvendor selling the San Pedro Times every morning. Before you get to

problem ---3 35 Ints eBook Print References Problem 11-10 (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's paper for $0.45 a copy. You sell a copy of the San Pedro Times for $1.45. Daily demand is distributed normally with mean = 345 and standard deviation = 69. 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 NORM.S.INV() function to find the z value. Round your z value and service level to 2 decimal places and final answer to the nearest whole number. A Optimal order quantity b. Based on a, what is the probability that you will run out of stock? Note: Round your answer to the nearest whole percent. Probability %

You are a newsvendor selling the San Pedro Times every morning. Before you get fo work, you go to the printer and bury the day's paper for $0,45 a sopy. You sell a copy of the San Pedro Times for $1.45. Dady demand is distributed normally with mean =345 and standard deviation =69. At the end of each morning. any feftover copies are worthless and they go to a recycle bin. 0. How many copies of the San Pedro Times should you buy each morning? Note: Use Excel's NORM.S. INV0 function to find the z value. Round your z value and service level to 2 decimal places and final answer to the nearest whole number, b. Bosed on a. whot is the probability that you wit rin out of stock? Note: Round your answer to the nearest whole percent

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