What is the probability that the company makes a profit

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Reference no: EM13833069

A retail company predicted that its turnover for next year will be $4500000 and that the costs will be $4000000. However, there are a number of factors that affect both the turnover and costs.

Assuming that both turnover and costs have normal distributions, each with a standard deviation of $250000, what is the probability that the company makes a profit?

Reference no: EM13833069

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