Question: Additional Algo 13-8 Expected Profit A grocer purchases coconuts for $2.85 per pound and sells them for $4.66 per pound. At the end of the
Additional Algo 13-8 Expected Profit A grocer purchases coconuts for $2.85 per pound and sells them for $4.66 per pound. At the end of the sales cycle, leftover coconuts are sold for a closeout price of $1.68 per pound. The grocer purchases 10,340 pounds of coconuts. Expected demahd is normally distributed with a mean of 8,272 pounds and a standard deviation of 1,034 . What is the grocer's expected profit? Use Excel. Note: Do not round intermedlate calculations. Round your answer to 2 decimal places
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