A company has invested €120,000 in a plant that should meet all foreseeable demand for a   patented product your company produces. The annual demand is normally distributed with a mean of 20,000 units and a standard deviation of 4,000 units. If the profit margin on each unit sold is €5,   what is the probability that the company will recover its investment in one year?   (20 marks)  

Answer rating: 100% (QA)

Mean 20000 Standard deviation 4000 units Mea... View the full answer