The manager of aerospace division of general aeronautics

Assignment Help Microeconomics

Reference no: EM13453893

The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms. Her most optimistic estimate (a price not expected to be exceeded more than 10 percent of the time) is $2 million. Her most pessimistic estimate (a lower price than this one is not expected more than 10 percent of the time) is $1 million. The expected value estimate is $1.5 million. The price distribution is believed to be approximately normal.

a. What is the expected price?

b. What is the standard deviation of the launch price?

c. What is the probability of receiving a price less than $1.2 million?

Reference no: EM13453893

Questions Cloud

Describe several dimensions of shareholder-principal : explain several dimensions of the shareholder-principal conflict with manager-agents known as the principal-agent

What kind of reflex is the micturition reflex what pathway : question 1.what type of reflex is the micturition reflex? what pathway do the impulses take?question 2.how is the

Rview the conservation in development booklet posted in : 1 choose a unique article from a newspaper magazine trade publication research journal etc. that you personally

Consider how you deal with conflict in relationships with : consider how you deal with conflict in relationships with people at work. is it similar to how you handle conflict in

The manager of aerospace division of general aeronautics : the manager of the aerospace division of general aeronautics has estimated the price it can charge for providing

The estimate of demand function for household furniture : an estimate of the demand function for household furniture produced the following resultsf 0.0036y 1.08r0.16 p 0.48

Write down the name of the connective tissue layer of the : question 1.name the connective tissue layer of the urinary bladder that contains blood lymph vessels and

How do you see these stratifiers as playing a role even if : write a 1500-word paper using apa standards that focuses on the following interview two different individuals regarding

What are the requirements for storage facilities what are : you are required to prepare a 4-6 page paper in which you do the following1. define the following terms in relation to

User Account

All Pages