one, Operation Research

Edwards Life Sciences is trying to decide if it should sell a new type of medical product. Fixed costs associated to the production of the product are estimated to be $30,000. The product will sell for $1,500 with variable cost of $1,000. The sales manager believes that sales will be normally distributed with an average of 100 annually, with a standard deviation of 35.

a) What is the breakeven point?
b) What is the probability of a loss?
c) What is the profit/loss when 120 units are sold?
d) How many units must be sold to earn a profit of $15,000?
e) What is the probability of a profit of $15,000 or more?
Posted Date: 1/8/2013 11:59:31 AM | Location : United States







Related Discussions:- one, Assignment Help, Ask Question on one, Get Answer, Expert's Help, one Discussions

Write discussion on one
Your posts are moderated
Related Questions

Advantages of Mode a.It is easy to understand  as well as easy  to calculate. In  can be found out by  inspection. b.It is  usually an exacta value  as it  occurs most fre

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment

How can you integrate environmental concerns into production systems?

General Rules a. Attractive Shapes The tables  should be  neat  and  attractive. The size of  table  should be neither too big nor  small. b. Simplicity A table  should b

Family Application specialises in selling major appliances for use in kitchen remodelling.  One of its more popular items is the SubZero refrigerator.  Over the past 40 weeks, the

a paper mill produce two grades of paper viz., X and Y. because of raw material restrictions, it cannot produce more than 400 tona of grade X and 300 tons of grade Yin a week. ther

3 In a rectangular game, pay-off matrix of player A is as follows:

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4