The demand in pounds for Fresh Market Kale salad on Sunday is normally distributed with a mean of 500 and standard deviation of 100. Kale salad costs $3 per pound to produce and and sells for $8 per pound. At the end of the day leftover kale salad has no value. Consider production levels of 500, 520, 540, 560, 580, and 600 pounds and use simulation (100 trials are enough) to determine the production level that maximizes expected profit? (Hint Inclass Activity (MC Sim) may help) unitcost unitprice poundsmade meandemand stddevdemand rand $3,00 $8,00 540 500 100 0,657037 actualdemand (simulated demand) 540,4389 =NORMTERS(B13;B11;B12) poundssold 540 =MİN(B14;B10) Revenue Cost Profit $4.320,00 =B15*89 $1.620,00 B10 B8 $2.700,00 B18-B19

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