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.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 2CYU
Related questions
Question
![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6ccfb8b5-cb11-4f9a-9787-a76972c8484a%2Feb484352-31c5-4f0e-8f2b-d79ee2d2f8dc%2F4sh0838_processed.jpeg&w=3840&q=75)
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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Follow-up Questions
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Follow-up Question
![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.](https://content.bartleby.com/qna-images/question/6ccfb8b5-cb11-4f9a-9787-a76972c8484a/4dc39e28-2ded-4624-998e-9cb2b572a4f0/rc4qj6f_thumbnail.jpeg)
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.
Solution
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