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A grocer purchases blueberries for $2.45 per pound and sells them for $4.82 per pound. At the end of the sales cycle, leftover blueberries are
A grocer purchases blueberries for $2.45 per pound and sells them for $4.82 per pound. At the end of the sales cycle, leftover blueberries are sold for a closeout price of $1.36 per pound. The grocer purchases 10,180 pounds of blueberries. Expected demand is normally distributed with a mean of 8,144 pounds and a standard deviation of 1,018.
What is the grocer's expected profit?
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