Question: Additional Algo 1 3 - 8 Expected Profit A grocer purchases carrots for $ 2 . 2 5 per pound and sells them for $
Additional Algo Expected Profit
A grocer purchases carrots for $ per pound and sells them for $ per pound. At the end of the sales cycle, leftover carrots are sold for a closeout price of $ per pound. The grocer purchases pounds of carrots. Expected demand is normally distributed with a mean of pounds and a standard deviation of
What is the grocer's expected profit? Use Excel.
Note: Do not round intermediate calculations. Round your answer to decimal places.
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