Question: the first answer I got correct. The second one I tried 1.40-0.95 and it was wrong even got 53% and it was wrong. tried 0.95-0.45


the first answer I got correct. The second one I tried 1.40-0.95 and it was wrong even got 53% and it was wrong. tried 0.95-0.45 and got 50 and it was also wrong. I promise to like if someone gives an accurate answer. please and thanks.
You are a newsvendor selling 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 San Pedro Times for $1.40. Daily demand is distributed normally with mean = 340 and standard deviation = 68. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (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 the nearest whole number.) Optimal order quantity 372 b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.) Probability 50 % References eBook & Resources Worksheet Difficulty: Intermediate Problem 11-10 Learning objective: 20-02 Analyze how different inventory controls stems won Check my work EG You are a newsvendor selling 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 San Pedro Times for $1.40. Daily demand is distributed normally with mean = 340 and standard deviation = 68. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (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 the nearest whole number.) Optimal order quantity 372 b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.) Probability 50 % References eBook & Resources Worksheet Dificulen intermediate Problem 11-10 Learning Objective 20-02 Analyze different inventory control systems o de Check my workStep by Step Solution
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