1.) Probability Concepts A sales manager estimates that the mean expected sales volume of a proposed new product for the following year is 900,000 units, standard deviation of 450,000 units and with the following financial data below: ● Selling price Variable cost/unit Fixed Cost/vear - P 8.00 - P 5.00 - P1,800,000.00 Calculate the ff.: a) Break even point for the new product; b) The probability of at most break-even point; c) The probability that the profits from the new product would be at most P 500,000.00; d) The probability that the new product would cause us to lose of P 300,000.00 or less.
1.) Probability Concepts A sales manager estimates that the mean expected sales volume of a proposed new product for the following year is 900,000 units, standard deviation of 450,000 units and with the following financial data below: ● Selling price Variable cost/unit Fixed Cost/vear - P 8.00 - P 5.00 - P1,800,000.00 Calculate the ff.: a) Break even point for the new product; b) The probability of at most break-even point; c) The probability that the profits from the new product would be at most P 500,000.00; d) The probability that the new product would cause us to lose of P 300,000.00 or less.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me on letter D
1.) Probability Concepts
A sales manager estimates that the mean expected sales volume of a proposed
new product for the following year is 900,000 units, standard deviation of 450,000
units and with the following financial data below:
Selling price
Variable cost/unit
Fixed Cost/vear
- P 800
- P 5 00
- P1,800,000.00
Calculate the ff.:
a) Break even point for the new product:
b) The probability of at most break-even point;
c) The probability that the profits from the new product would be at most
P 500 000.00•
d) The probability that the new product would cause us to lose of P 300.000.00 or Less
Transcribed Image Text:1.) Probability Concepts
●
A sales manager estimates that the mean expected sales volume of a proposed
new product for the following year is 900,000 units, standard deviation of 450,000
units and with the following financial data below:
Selling price
Variable cost/unit
Fixed Cost/vear
- P 8.00
- P 5.00
- P1,800,000.00
Calculate the ff.:
a) Break even point for the new product;
b) The probability of at most break-even point;
c) The probability that the profits from the new product would be at most
P 500,000.00;
d) The probability that the new product would cause us to lose of P 300,000.00 or
less.
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