QUESTION $3$

Suppose that papers for a newspaper stand cost $$0\mathrm{.}45$ ?and sell for $$0\mathrm{.}90.$ ?If the stand owner is able to find an outlet that would provide a salvage value of $$0\mathrm{.}15$ ?and

the demand is normally distributed with mean of $500$ ?and standard deviation of $51.$

What is service level, approximately?

A$)\mathrm{.}57$

B$)\mathrm{.}60$

C$)\mathrm{.}67$

D$)\mathrm{.}80$

E$)$ ?unable to determine given only the above information

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What is the optimal stocking level, approximately?

A$)513$

B$)531$

C$)534$

D$)541$

E$)$ ?unable to determine given only the above information

Type the letter associated with the correct answer here