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In a Newsvendor problem, the demand is normally distributed with mean 50 and standard deviation 10. Cu = $15, Co = $20. What is the
In a Newsvendor problem, the demand is normally distributed with mean 50 and standard deviation 10. Cu = $15, Co = $20. What is the stockout risk when the optimal order quantity is used? (Choose the closest answer)
a. 0
b. 43%
c. 57%
d. 75%
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