A consumer electronics firm produces a line of battery rechargers for cell phones. The following distributions apply:
Question:
Unit price: triangular with a minimum of $18.95, most likely value of $24.95, and maximum of $26.95
Unit cost: uniform with a minimum of $12.00 and a maximum of $15.00
Quantity sold: 10,000 - 250*Unit price, plus a random term given by a normal distribution with a mean of 0 and a standard deviation of 10
Fixed costs: normal with a mean of $30,000 and a standard deviation of $5,000
a) What is the expected profit? b) What is the probability of a loss? c) What is the maximum loss?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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