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Management Studies

The owner of Firewood-2-Go is considering buying a hydraulic wood splitter which sells for $60000. He figures it will cost an additional $80 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $100.

Demand for cords of wood can be modeled by using a Normal Distribution with a Mean of 3070 units and a Standard Deviation of 70 units. What is the Probability that you will make money using this machine?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9625271

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