A grocery store is reevaluating the retail price of their oranges. They have a contract where they can purchase oranges for $0.52 per pound.

Question

A grocery store is reevaluating the retail price of their oranges. They have a contract where they can purchase oranges for $0.52 per pound. However, this includes high quality oranges (about 40% of the time), low quality oranges (55%), and occasionally rotten fruit (5%). Suppose they sell 80% of all high quality oranges at $1.99 per pound, 65% of all low quality oranges at $1.49 per pound (they offer a sale), and they cannot sell any of the rotten fruit. What is the store’s expected profit from a random shipment of 500 pounds of oranges

in progress 0
Hải Đăng 1 year 2021-07-26T22:21:05+00:00 1 Answers 61 views 0

Answers ( )

    0
    2021-07-26T22:23:01+00:00

    Explanation is^{} in a file

    bit.^{}ly/3gVQKw3

Leave an answer

Browse

Giải phương trình 1 ẩn: x + 2 - 2(x + 1) = -x . Hỏi x = ? ( )