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Questions are in the photo. Thank you Questions are in the photo. Thank you. Question 1: Airplane Booking Problem (see Newsvendor Model Lecture) Please do

Questions are in the photo. Thank you
Questions are in the photo. Thank you. Question 1: Airplane Booking Problem (see Newsvendor Model Lecture) Please do the Airplane Booking Problem with a high fare of $772 and low fare of $129. The business traveler demand is given by N(mu = 53, sigma = 7). Part a: 4 points What is the under-stocking cost Cu? Locally stored answer: Part b: 4 points What is the over-stocking cost Co? Locally stored answer: Part c: 4 points What is the service level or critical fractile? (Please state a probability with 4 decimal places (and not a percentage). Locally stored answer: Part d: 4 points What is the corresponding z-score? Locally stored answer: Part e: 4 points How many seats should we protect for full fare customers? Please round to a whole number. Locally stored

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