Find out probability that cool-aire will incur the

Reference no: EM13396687

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 (Hint: 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: EM13396687

Questions Cloud

Financial analysis of a chosen company following the : financial analysis of a chosen company following the nine-step assessment process introduced below and detailed in

Describe in terms of your texts discussion what are the : 1.when might a modified rebuy apply within a household buying decision? what types of goods would come into play?

In this assignment you are needed to write down a scholarly : in this assignment you are required to write a scholarly paper on molecular aging and rejuvenation of human muscle stem

At the market price of 15 per unit how many units will be : assume that a firm in a perfectly competitive industry has the following total cost schedule3 pointsoutputtotal

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

Bank of china has opened trading in the chinese currency : bank of china has opened trading in the chinese currency on the international financial markets. is this good or bad

Suppose that all other factors remain unchanged find out : assuming that all other factors remain unchanged determine how a firms breakeven point is affected by each of the

In order to adequately assess how a hospital is performing : in order to adequately assess how a hospital is performing it is imperative that the performance of the hospital be

Describe the benefits and risks of using biotechnology use : discuss the benefits and risks of using biotechnology use an example to demonstrate the advantages and the potential

User Account

All Pages