Google is analyzing the decision to launch a new Pixel phone. The development costs are estimated to be $2 million. The material, labor and shipping costs for each phone are estimated to have a mean of $211.12 and standard deviation of $10.65. The labor costs have a mean $188.67 with a standard deviation of $12.89, and shipping costs varies uniformly between $3.19 and $8.99. Google plans to sell each phone for $449. What profit can be anticipated with a demand of 10,000 phones based on 1000 trials of this simulation?
Google is analyzing the decision to launch a new Pixel phone. The development costs are estimated to be $2 million. The material, labor and shipping costs for each phone are estimated to have a mean of $211.12 and standard deviation of $10.65. The labor costs have a mean $188.67 with a standard deviation of $12.89, and shipping costs varies uniformly between $3.19 and $8.99. Google plans to sell each phone for $449. What profit can be anticipated with a demand of 10,000 phones based on 1000 trials of this simulation?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Google is analyzing the decision to launch a new Pixel phone. The development costs are estimated to be $2 million. The material, labor and shipping costs for each phone are estimated to have a mean of $211.12 and standard deviation of $10.65. The labor costs have a mean $188.67 with a standard deviation of $12.89, and shipping costs varies uniformly between $3.19 and $8.99. Google plans to sell each phone for $449. What profit can be anticipated with a demand of 10,000 phones based on 1000 trials of this simulation?
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