1. A company is manufacturing blue jeans at a cost of $9.99 per pair. They plan to put a price tag of $44 99 per pair. They plan to produce 400,00 pairs. Any unsold units can be sold in the aftermarket for $14.99/pair. Demand (units) 95,000 200,000 275,000 350,000 Demand Probability 0.15 0.40 0.35 0.10 What is the probability that their gross income will be over $15,00,000? They also want to know want is the probability that their net profit will be less than $5,000,000
1. A company is manufacturing blue jeans at a cost of $9.99 per pair. They plan to put a price tag of $44 99 per pair. They plan to produce 400,00 pairs. Any unsold units can be sold in the aftermarket for $14.99/pair. Demand (units) 95,000 200,000 275,000 350,000 Demand Probability 0.15 0.40 0.35 0.10 What is the probability that their gross income will be over $15,00,000? They also want to know want is the probability that their net profit will be less than $5,000,000
A First Course in Probability (10th Edition)
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Author:Sheldon Ross
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![1. A company is manufacturing blue jeans at a cost of $9.99 per pair. They plan to put a price tag of $44 99
per pair. They plan to produce 400,00 pairs. Any unsold units can be sold in the aftermarket for $14.99/pair.
Demand (units)
95,000
200,000
275,000
350,000
Demand Probability
0.15
0.40
0.35
0.10
What is the probability that their gross income will be over $15,00,000? They also want to know want is the
probability that their net profit will be less than $5,000,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcec5f675-deb1-47aa-ad58-39c6110b3811%2F6ca59c19-3826-4e9a-bac9-fd8e50991628%2F2dcjgyf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. A company is manufacturing blue jeans at a cost of $9.99 per pair. They plan to put a price tag of $44 99
per pair. They plan to produce 400,00 pairs. Any unsold units can be sold in the aftermarket for $14.99/pair.
Demand (units)
95,000
200,000
275,000
350,000
Demand Probability
0.15
0.40
0.35
0.10
What is the probability that their gross income will be over $15,00,000? They also want to know want is the
probability that their net profit will be less than $5,000,000
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