Could you please do this question with explanation

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Could you please do this question with explanation

Prob.
0.05
0.25
0.05
0.35
0.05
0.02
0.08
0.15
D
100
120
150
200
300
450
540
600
Suppose that the shortage cost is $5 and the overage cost is $3, what is the optimal newsvendor quantity
based on the demand distribution above?
Transcribed Image Text:Prob. 0.05 0.25 0.05 0.35 0.05 0.02 0.08 0.15 D 100 120 150 200 300 450 540 600 Suppose that the shortage cost is $5 and the overage cost is $3, what is the optimal newsvendor quantity based on the demand distribution above?
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