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Preliminary targets for cost of production and yields

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The marketing group is planning to launch a new product and has forecasted that the mean price for the product will be 5 $/kg, normally distributed with standard deviation 40 ¢/kg. The cost of the stoichiometric amount of feed required to make the product is 3 $/kg. Propose preliminary targets for cost of production and yields.

Reference no: EM13883882

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