Question: Please refer the image below: ( a ) The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that
Please refer the image below:
a The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who nee it to feed their animals. This week, the supermarket can buy fresh lettuce for $a box. The lettuce is sold $ a box and the dealer that sells old lettuce is willing to pay $ a box. Past history says that tomorrow's demand for lettuce averages boxes with a standard deviation of boxes. Demand follows an approx. normal distribution.
i How many boxes of lettuce should the supermarket purchase tomorrow?
ii Based on part i what is the probability that the supermarket will run out of stock? ;;;
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