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

Management Studies

Q. local supermarket buys lettuce each day to ensure really fresh make. Each morning any lettuce which is left from previous day is sold to a dealer which resells it to farmers who use it to feed their animals. This week supermarket can buy fresh lettuce for $4.00 a box. Lettuce is sold for $10.00 a box also dealer which sells old lettuce is willing to pay $1.50 a box. Past history says which tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Elucidate how many boxes of lettuce should supermarket purchase tomorrow?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9311821

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