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Vargo Industries has computed its breakeven level of output to be 25,000 units. Based on forecasts from its sales force and past experience, expected unit sales are 32,000, with a standard deviation of 5,200.

What is the probability that Vargo will have operating losses? Assume that sales are normally distributed.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92090411

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