PLEASE UPLOAD SOLUTION. YOUR WORK MUST INCLUDE STEPS TOWARDS YOUR ANSWER. IF ONLY FINAL ANSWERS ARE PROVIDED, ONLY HALF OF THE POINTS WILL BE GIVEN. Lоss functiоn аnd CDF Chаrt оf Stаndard Normal is given Std Normal Distr Tables.pdf Problem 1 (30pts) A local store is using newsvendor model to decide how many green bead necklaces to order from their supplier, ‘Bead Factory’, for Saint Patrick’s Day. The store purchases the necklaces at $2 each and sells them to customers for $4 each. Any necklaces left unsold after the Saint Patrick’s Day will be donated to a local community center. The store expects demand to be normally distributed with a mean of $70 and a variance of 25. In addition, the owner of the store suddenly found 35 green bead necklaces in their warehouse. These 35 necklaces were produced by ‘Bead Factory’ last year and are identical to the ones they’re about to order. Besides, all 35 are in brand new condition and the owner decide to sell them as well. How many necklaces should the store owner purchase from ‘Bead Factory’ ? If instead of 35 necklaces, they found 80 green bead necklaces in the warehouse, how many should the store owner order then?