Use the Newsvendor Model to set up and run a Monte Carlo simulation assuming that demand is Poisson with a mean of 40 per day.

1. Suggest the optimal purchase quantity when the cost per unit (C) is $12, the selling price (R) is $18, and the salvage value (S) is $10.
2. Report a 90% confidence interval for the optimal profit.
3. Suppose we have access to a demand dataset in the last 100 days (the dataset is attached asnewsVendorData.csv). Using that data, solve the question of parts-a and part-b by bootstrapping.