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How many boxes of cabbage should the market purchase

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Question - A local farmer's market  buys fresh cabbage weekly from a community farming co-op. Each Saturday, all the unsold cabbage from the week is sold to a animal shelter to use for animal feed.  The market pays $11/box for the fresh cabbage and sells it to their consumers at a price equivalent to $25/box. The animal shelter pays $3/box for the left-over cabbage. Based on historical sales data, demand for cabbage at the farmer's market averages 456 boxes with a standard deviation of 74 boxes. How many boxes of cabbage should the market purchase each week?

Reference no: EM133135623

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