Find out probability that cool-aire will incur the

Assignment Help Microeconomics

Reference no: EM13396553

Cool-Aire Corporation manufactures a line of room air conditioners. Its breakeven sales level is 33,000 units. Sales are approximately normally distributed. Expected sales next year are 38,000 with a standard deviation of 3000 units.

a) Determine the probability that Cool-Aire will incur an operating loss. Find your Z statistic first and then refer to the Z table.

b) Determine the probability that Cool-Aire will operate above its breakeven point. (Hint: The probability of operating above breakeven is one minus your answer above.)

Reference no: EM13396553

Questions Cloud

Melissas wealthy uncle gives her 10000 as a graduation gift : melissas wealthy uncle gives her 10000 as a graduation gift. melissa wishes to save this money and get an early start

Ricky spends 10319 in additional interest and charges on : ricky spends 103.19 in additional interest and charges on monthly payments as the result of the prior bankrupsy if

Explain how innovative benefits could be tied to specific : write an eight to ten 8-10 page paper in which you1. determine how innovations in employee benefits can improve the

Write down a hypothesis explaining the phenotype of the : write a hypothesis describing the phenotype of the germinating tobacco seeds. include the approximate number of

Find out probability that cool-aire will incur the : cool-aire corporation manufactures a line of room air conditioners. its breakeven sales level is 33000 units. sales are

Discuss how the negotiation experience actually happened : discuss how the negotiation experience actually happened then consider the negotiating techniques that you have learned

Explain why is sti considered a scientifically : why is sti considered a scientifically controversial strategy? suggest three biological reasons why sti could be

Describe three deferences between pertuities and annuities : describe three deferences between pertuities and annuities. give examples of both types of products the risks involved

Imagine that a newly engaged couple hears that you are : imagine that a newly engaged couple hears that you are taking a course in interpersonal communication and wants advice

User Account

All Pages