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Daily costs (in dollars) of producing x pounds of fudge are given by C(x) = 1000 + 8x ( in $). Assume that Fudge World
Daily costs (in dollars) of producing x pounds of fudge are given by C(x) = 1000 + 8x ( in $).
Assume that Fudge World will incur no additional costs for running the store. Therefore, the operating profit of a given day is defined as the daily revenue minus the daily costs. Use this information to answer questions 9 to 10 below.
What is the probability that Fudge World at least breaks even?
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