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6. Greenwood Groceries buys fresh fruit daily for $10 a crate. Crates sold the same day bring $15 profit contribution, each. Crates that are not

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6. Greenwood Groceries buys fresh fruit daily for $10 a crate. Crates sold the same day bring $15 profit contribution, each. Crates that are not sold in a day are sold later as animal food for $2,50 each. The demand for fruit fluctuates, according to the following distribution (data collected over the last 300 days): Demand (Number of Crates) Number of Days 10 120 11 90 12 75 13 15 I Total 300 a) How many crates should the store order it Greenwood wants to maximize profit from selling fruit? Use an expected-value approach b) What will be the average daily profit? 6. Greenwood Groceries buys fresh fruit daily for $10 a crate. Crates sold the same day bring $15 profit contribution, each. Crates that are not sold in a day are sold later as animal food for $2,50 each. The demand for fruit fluctuates, according to the following distribution (data collected over the last 300 days): Demand (Number of Crates) Number of Days 10 120 11 90 12 75 13 15 I Total 300 a) How many crates should the store order it Greenwood wants to maximize profit from selling fruit? Use an expected-value approach b) What will be the average daily profit

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