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You are a newsvendor sellingSan Pedro Times every morning Before you get to work you go to the printer and buy the day’s paper for $0 50 a copy You sell a copy ofSan Pedro Times for $1.35 Daily

You are a newsvendor sellingSan Pedro Times every morning. Before you get to work, you go to the printer and buy the day’s paper for $0.50 a copy. You sell a copy ofSan Pedro Times for $1.35. Daily demand is distributed normally with mean = 350 and standard deviation = 70. At the end of each morning, any leftover copies are worthless and they go to a recycle bin.

Jul 28 2020 View more View Less

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