Past history says that tomorrows demand for lettuce, Ask an Expert

Management Studies

Q. 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 use it to feed their animals. This week the supermarket can buy fresh lettuce for $4.00 a box. The lettuce is sold for $10 a box and the dealer that sells the old lettuce is willing to pay $1.50 a box. Past history says that tomorrows demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Explain how many boxes of lettuce should the supermarket purchase tomorrow?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9379565

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