What is the minimum number of people who use smokers

Reference no: EM133614039

Problem: Suppose that from survey information, Gavin and Finn estimate that 10.02% of those who use smokers and are aware of their product will buy at the $70 price point. What is the minimum number of people who use smokers that would need to be aware of their product so that their profit, using the labor-intensive production method ($650 for equipment and $12.75 per unit), is at least $259,988?

Reference no: EM133614039

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