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Matofali imitations company have predicted that their turnover for next year will be TZS 4 5 0 , 0 0 0 and that their costs
Matofali imitations company have predicted that their turnover for next year will be TZS and that their costs will be TZS They thus expect to make a profit of TZS and are quit happy. As you talk to the partners, however you realize that there are a whole host of factors which will affect both the turnover and costs figures. You persuade them to look at the problem as if each figure were a variable and suggest that they treat them as having normal distributions. Given the nature of the business, you decide to assume a standard deviation of TZS for each distribution. What is the probability that the partnership makes a profit?
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