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Cool-Aire Corporation manufactures a line of room air condit

Paper help Economics Cool-Aire Corporation manufactures a line of room air condit

Economics

Cool-Aire Corporation manufactures a line of room air condit

Cool-Aire Corporation manufactures a line of room air conditioners. Its breakeven sales level is 3… Show more 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. • Show less

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