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Question 1) Assume that Mr. Engin has a company. He sells a specific product at a price of $6/product. Cost of this specific product for

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Question 1) Assume that Mr. Engin has a company. He sells a specific product at a price of $6/product. Cost of this specific product for company is $2/product. At the end of the day, unsold product can be sold for recycle at a return price of $1.1. The demand for last 21 days for that product is given in the following table: (30 Points) IN NN 3 4 4 3 Use discrete function assumption of Newsboy model and answer the following questions. a) What is the critical ratio of the problem? (10 Points) b) Prepare a table for f(Q) and F(Q). (10 Points) c) What is the optimal order size? (10 Points)

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