The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that
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Question:
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 $ a box. The lettuce is sold for $ 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.
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