(Answered) The monthly sales demand for a new product is uncertain but

Engineering

The monthly sales demand for a new product is uncertain, but it is considered to be adequately described by a normal random variable with mean 50,000 units and variance 100,000,000.

(a) A factory to manufacture the new product has been constructed with enough capacity to meet sales demand 90% of the months. How much capacity does the factory have?

(b) The accounting department has indicated that there is a 27% chance that the new product will not generate enough monthly sales volume to make a profit. What is the break-even sales level per month?

(c) Find an interval for the observed monthly sales, which is symmetric around the mean of the monthly sales, such that next month's sales have a 0.9 probability of being within the interval.

View complete question

Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M93133185
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Computer Engineering

Question suppose you have to design a mobile application to

Question : Suppose you have to design a mobile application to control your microwave over internet. Define the objective, assumptions and Interface Metaphors of this application.

When using todays digital cameras file sizes are often

When using today's digital cameras file sizes are often saved in a format that is well over 1 Megabyte. This may be great for high definition photo reproductions but is a disaster for uploading to the web. Images on your ...

The following conversation has some mistakes can u help me

The following conversation has some mistakes, can u help me point them out? what are the mistakes? Mark: Hi, David, my company does not use much computer technology and I would like to change that. But I have a few quest ...

Assignmenta in the slides and textbook one of the examples

Assignment (a) In the slides and textbook, one of the examples features a class for counting up. An interface which defines this functionality is given below: public interface IncrementCounter { //Increments the counter ...

A researcher thinks that listening to classical music

A researcher thinks that listening to classical music reduces anxiety. She measures the anxiety of 10 persons then plays Mozart's "Eine Kleine Nachtmusik". Following that the researcher measures their anxiety again. (Not ...

Select two application areas for data mining not discussed

Select two application areas for data mining NOT discussed in the text book and briefly discuss how data mining is being used to solve a problem (or to explore an opportunity)?

Is it okay too copy a fellow classmate programming code

Is it okay too copy a fellow classmate programming code when you are stuck? Will that break a school honesty policy? Please explain

Explain that when an unauthorized individual gains access

Explain that when an unauthorized individual gains access to the information an organization trying to protect, that act is categorized as a deliberate act of espionage or trespass.

Seamus was assigned to created web site plan for a charity

Seamus was assigned to created Web site plan for a charity organization. He must ensure that the site includes the following features: -A message stating the purpose of the charity -An online form that will receive perso ...

Solutions may require mathematical proofs tracing of

Solutions may require mathematical proofs, tracing of algorithms (displaying the calculations and values of variables for each iteration of the algorithm), algorithm design, and writing programs. The following submission ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Computer Engineering Expert