A product is priced to sell at $100 per unit, and its cost is constant at $70 per unit. Each unsold unit has a salvage value of $20. Demand is expected to range between 35 and 40 units for the period; 35 defi nitely can be sold and no units over 40 will be sold. The demand probabilities and the associated cumulative probability distribution ( p ) for this situation are shown below. Number of units demanded probability of this demand cumulative probability 35 36 37 38 39 40 0.10 0.15 0.25 0.25 0.15 0.10 0.10 0.25 0.50 0.75 0.90 1.00 how many units should be ordered?
Answers
Answered by
0
its goals and is properly The tasks a person in this position has are both wide and varied, and often include ensuring that the right staff-members are hired and properly trained, making plans for the business' success, and monitoring daily operations. When organizational changes are necessary, a person in this position usually leads the way as well. In some cases, the person who starts or owns the business serves as its administrator, but this is not always the case, as sometimes a company hires an individual for the job.
Similar questions