Business, 09.04.2020 00:31 mmaglaya1

The Rejuvo Corp. manufactures granite countertop cleaner and polish. Quarterly sales Q is a random variable with a mean of 25,000 bottles and a standard deviation of 2,000 bottles. Variable cost is $8 per unit and fixed cost is $150,000. (a) Find the mean and standard deviation of Rejuvo’s total cost. Mean $ Standard deviation $ (b-1) If all bottles are sold, what would the selling price have to be to break even, on average? Selling price $ (b-2) If all bottles are sold, what would the selling price have to be to make a profit of $20,000? (Round your answer to 2 decimal places.) Selling price $

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The Rejuvo Corp. manufactures granite countertop cleaner and polish. Quarterly sales Q is a random v...

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