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

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Cool-Aire Corporation manufactures a line of room air conditioners. Its breakeven 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.

- SubjectEconomics
- TopicGeneral Economics
- Difficulty LevelCollege/University
- Answer has attachmentsNo