Question

Use the newsvendor model for this. Each week a store buys avocados from a wholesaler. The demand for avocados each day is independent and normally distributed, but with different parameters for various reasons. The mean and standard deviation of the demand (in kg) on various days of the week is below: Using the fact that sum of independent normals is normally distributed, the mean and standard deviation of the weekly demand (in kg) are _____A_____ and _____B_____ respectively.  It costs the store 300 rupees for a kg of avocados and their selling price is 700 rupees per kg. Then each week the store should buy ____C____ kg of avocados (you are welcome to use norminv in Octave if you like, be sure to load the statistics package before using).What is A,B & C​

Answer 1

Answer:

Some species of caterpillar have 4,000 muscles in their body. Compare that to the human muscular system, which is made up of only 639.