Question: The local supermarket buys lettuce each day to ensure really

The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week the supermarket can buy fresh lettuce for $4.00 a box. The lettuce is sold for $10 a box, and the dealer that sells the old lettuce is willing to pay $1.50 a box. Past history says that tomorrows demand for lettuce averages 250 boxes with a standard deviation of 34 boxes.
How many boxes of lettuce should the supermarket purchase tomorrow?


View Solution:


Sale on SolutionInn
Sales0
Views64
Comments
  • CreatedAugust 26, 2013
  • Files Included
Post your question
5000