Determine the probability that the company will break even

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Reference no: EM13953997

The ABC co. produces tables. The fixed monthly cost of production is $8,000, while the variable cost per tale is $65. The table sells for $180 a piece. For a monthly volume of 300 tables:

Now suppose the company has determined that volume is normally distributed with a mean of 90 tables per month and a standard deviation of 30 tables.

a. Determine the probability that the company will break even?

b. Determine the probability that the company will make a profit of 8,000 or more per month.

Reference no: EM13953997

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