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Probability If the product is launched he will have to incur a fixed cost of would give him a profit of 48,000. However, each bottle sold 1-25. Should he introduce the new brand ?

Probability If the product is launched he will have to incur a fixed cost of would give him a profit of 48,000. However, each bottle sold 1-25. Should he introduce the new brand ?

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 19E
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A maker of soft-drinks is considering the introduction of a new brand. He expects to sell 50,000 to 1.00,000 bottles of its soft drink in a given period according to the following probability distribution: 50 60 70 80 90 100 No. of Bottles sold (in '000) : Probability If the product is launched he will have to incur a fixed cost of would give him a profit of 0-13 0-20 0-35 0-22 0-08 0-02 48,000. However, each bottle sold 1-25. Should he introduce the new brand?
Transcribed Image Text:A maker of soft-drinks is considering the introduction of a new brand. He expects to sell 50,000 to 1.00,000 bottles of its soft drink in a given period according to the following probability distribution: 50 60 70 80 90 100 No. of Bottles sold (in '000) : Probability If the product is launched he will have to incur a fixed cost of would give him a profit of 0-13 0-20 0-35 0-22 0-08 0-02 48,000. However, each bottle sold 1-25. Should he introduce the new brand?
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