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You are a newsvendor selling the San Pedro Times every morning. Before you get to work, you go to the printer and buy the day
You are a newsvendor selling the San Pedro Times every morning. Before you get to work, you go to the printer and buy the days paper for $ a copy. You sell a copy of the San Pedro Times for $ Daily demand is distributed normally with mean and standard deviation At the end of each morning, any leftover copies are worthless and they go to a recycle bin. Determine the underage cost. Keep two decimals.
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