What is probability that sales will exceed break-even level

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A marketing manager of a leading firm believes that total sales for the firm next year can be modelled by using a normal distribution, with a mean of $2.5 million and a standard deviation of $300000

Problem 1: What is the probability that the firm's sales will exceed $3 million?

Problem 2: In order to cover fixed costs, the firm's sales must exceed the breakeven level of $1.8 million. What is the probability that sales will exceed the break-even level?

Problem 3: Determine the sales level that has only a 9% chance of being exceeded next year.

Reference no: EM133010384

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