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A company considering producing a new product. Fixed cost will be $60,000 with variable cost per set are $15. The product will be sell for

  1. A company considering producing a new product. Fixed cost will be $60,000 with variable cost per set are $15. The product will be sell for $30 per unit. Manager think demand might be as high 16,000 units and might go as low as 6,000 units.

  1. What is the firms break even points?
  2. Used EMV (Expected money value) to help manager in this problem. What is your suggestion?
  3. Find Standard Deviation for this problem
  4. Find the Probability of breaking event point.

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