Yorkies Company has fixed costs of $80,000 per month. Variable costs are $12 per item produced. The selling price per unit is fixed at $20. From the past company data, you have determined that Yorkies Company's monthly output follows a normal probability distribution with mean 11,100 and variance 550,000 . Calculate the chance that Yorkies will make a loss this month. a.11% b.10% c.9% d.7% e.7%
Yorkies Company has fixed costs of $80,000 per month. Variable costs are $12 per item produced. The selling price per unit is fixed at $20. From the past company data, you have determined that Yorkies Company's monthly output follows a normal probability distribution with mean 11,100 and variance 550,000 . Calculate the chance that Yorkies will make a loss this month. a.11% b.10% c.9% d.7% e.7%
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
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| Yorkies Company has fixed costs of $80,000 per month. |
| Variable costs are $12 per item produced. |
| The selling price per unit is fixed at $20. |
| From the past company data, you have determined that Yorkies Company's monthly output follows a |
| Calculate the chance that Yorkies will make a loss this month. |
a.11%
b.10%
c.9%
d.7%
e.7%
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