A newsvendor orders the quantity that maximizes expected profit for two products, x and y. The critical ratio for both products is 0. 8. The demand forecast for both products is 9,000 units and both are normally distributed. Product x has more uncertain demand in the sense that it has the larger standard deviation. Of which of the two products does the newsvendor order more?.

Panthers and leopards prey on deer in an ecosystem. for unknown reasons, the population of leopards increased drastically. what are the likely effects of this change on the species? 1. more food for panthers and more competition for leopards 2. less food and more competition for panthers 3. fewer deer and more competition for panthers 4. more food for deer and less competition for panthers and leopards 5. more food for leopards and less competition for panthers