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Economics

Cool-Aire Corporation manufactures a line of room air conditioners. Its break-even sales level is 33,000 units. Sales are approximately normally distributed. Expected sales next year are 40,000 units with a standard deviation of 4,000 units.

a. Determine the probability that Cool-Aire will incur an operating loss.

b. Determine the probability that Cool-Aire will operate above its break-even point.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M974363

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