Question: A grocer purchases apricots for $ 2 . 5 5 per pound and sells them for $ 4 . 7 8 per pound. At the
A grocer purchases apricots for $ per pound and sells them for $ per pound. At the end of the sales cycle, leftover apricots are sold for a closeout price of $ per pound. The grocer purchases pounds of apricots. Expected demand is normally distributed with a mean of pounds and a standard deviation of
Do not round intermediate calculations. Round your answer to two decimal places. What is the grocer's expected profit?
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