Problem 1 . 120 points ! Consider a Newsvendor Model with ` = ' and ` = ]. Demand { is a random variable with the following distributions ! 1 11...

Determine the expected shortage cost and the expected cost of having excess inventory for the case where the vendor orders 6 units:

Problem 1 . 120 points ! Consider a Newsvendor Model with ` = ' and ` = ].Demand { is a random variable with the following distributions !111Probability FILL = II\0.151.251.015Questions !1 . 15 points ! Determine the expected shortage cast and the expected cost ofhaving excess inventory for the case where the vendor orders { units .