one, Operation Research

Assignment Help:
Edwards Life Sciences is trying to decide if it should sell a new type of medical product. Fixed costs associated to the production of the product are estimated to be $30,000. The product will sell for $1,500 with variable cost of $1,000. The sales manager believes that sales will be normally distributed with an average of 100 annually, with a standard deviation of 35.

a) What is the breakeven point?
b) What is the probability of a loss?
c) What is the profit/loss when 120 units are sold?
d) How many units must be sold to earn a profit of $15,000?
e) What is the probability of a profit of $15,000 or more?

Related Discussions:- one

Decision theory, the following table gives place under different states of ...

the following table gives place under different states of nature Strategies States of nature s1 s2 s3 A 10000 3000 2000 B

Type of measures of dispersion - measure of dispersion, Type  of  Measur...

Type  of  Measures  of Dispersion   a. Absolute Measure: The measure of dispersion which  is expressed in  terms of the units of the  observations( e, g, Rupees , metre ,

Disadvantage of standard deviation - measure of dispersion, Disadvantage ...

Disadvantage  of standard Deviation It is not  easy  to understand  and calculate. It gives  more  weight  to the extremes  and less  to the items   nearer to mean. Since

Answer, explain operation research with example.and also discuss the scope ...

explain operation research with example.and also discuss the scope of OR in modern management.

Operation research, Discuss the methodology of operation research

Discuss the methodology of operation research

one tailed test diagrams - hypothesis testing, Normal 0 false ...

Normal 0 false false false EN-IN X-NONE X-NONE

LPP, A paper mill produces two grades of paper viz., X and Y. Because of ra...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Linear programming, How do I set this problem up for Excel: A National Cred...

How do I set this problem up for Excel: A National Credit Union has $250,000 available to invest in a 12 month commitment. The money can be placed in Treasury notes yielding an 8%

Techniques, explain the different techniques as operation research

explain the different techniques as operation research

Big M method, Maximize p = (3)x + 2y subject to 2x + y 3x + 4y >= 12

Maximize p = (3)x + 2y subject to 2x + y 3x + 4y >= 12

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd