Question: Question 3 ( 2 0 points ) A famous department store must decide on the quantity of new year jumpers to order this year. The

Question 3(20 points) A famous department store must decide on the quantity of new year jumpers to order this year. The unit cost of the jumpers is $15, and each jumper will sell for $40. The jumpers that are not sold at the beginning of January will be salvaged for $10.
a)(10 pts) Find the optimal order quantity if the demand for the jumpers is Normally distributed with mean 50 units and a standard deviation of 12 units.
b)(10 pts) Suppose that the customers purchase the jumpers from another store once the department store is out of stock. If the department store estimates a loss-of-goodwill cost of $7 each time a demand is lost, what is the optimal order quantity?
 Question 3(20 points) A famous department store must decide on the

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