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
In a rectangular game, pay-off matrix of player A is as follows: Player B B1 B2 Player A A1 A2 i) Solve the game. ii) Write down the pay-off matrix of B and th

Methods of Survey and Study:   Some methods of collecting information about the organisation and about the information requirement of potential users are mentioned below. No si

application&techniques

a c++ program to implement assignment problem???????????

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

What is meant by a mathematical model of a real situation? Discuss the importance of models in the solution of Operations research problems

Scenario: You work as a junior employee in the marketing department of a medium-sized Hong Kong organisation. One of your major tasks is your involvement in your organization's

A company is planning its advertising strategy for the next year for its three major products.

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 in

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