Question: Suppose that papers for a newspaper stand cost $ 0 . 4 0 and sell for $ 0 . 9 0 . If the stand

Suppose that papers for a newspaper stand cost $0.40 and sell for $0.90. If the stand owner is able to find an outlet that would provide a salvage value of $0.15 and the demand is normally distributed with mean of 500 and standard deviation of 51.
What is service level, approximately?
What is the optimal stocking level, approximately?

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