Question: Additional Algo 1 3 - 8 Expected Profit A grocer purchases oranges for $ 2 . 7 5 per pound and sells them for $

Additional Algo 13-8 Expected Profit
A grocer purchases oranges for $2.75 per pound and sells them for $4.70 per pound. At the end of the sales cycle, leftover oranges are sold for a closeout price of $1.60 per pound. The grocer purchases 10,300 pounds of oranges. Expected demand is normally distributed with a mean of 8,240 pounds and a standard deviation of 1,030.

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