Avocados are one of the most popular items sold in grocery

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Avocados are one of the most popular items sold in a grocery store. On Monday morning, the store is stocking avocados to sell over the week. The demand for avocados during the week is Normally distributed with the mean of 400 and standard deviation of 200. Avocados have short lifecycle, and any remaining avocados at the end of the week must be thrown away. The store purchases avocados for $1 each unit and sells each unit for $3. If the store stocks 400 avocados, what would be its expected profit from selling avocados during the week?

Reference no: EM133640802

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