Question: A grocer purchases cranberries for $ 2 . 9 0 per pound and sells them for $ 4 . 6 4 per pound. At the
A grocer purchases cranberries for $ per pound and sells them for $ per pound. At the end of the sales cycle, leftover cranberries are sold for a closeout price of $ per pound. The grocer purchases pounds of cranberries. Expected demand is normally distributed with a mean of pounds and a standard deviation of
What is the grocer's expected profit?
Note: Do not round intermediate calculations. Round your answer to decimal places.
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