Suppose that from survey information, Gavin and Finn estimate that 10.01% of those who use smokers and
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Question:
Suppose that from survey information, Gavin and Finn estimate that 10.01% of those who use smokers and are aware of their product will buy at the $57 price point.
What is the minimum number of people who use smokers that would need to be aware of their product so that their profit, using the labor-intensive production method ($650 for equipment and $12.75 per unit), is at least $226,425?
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