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The Rejuvo Corp. manufactures granite countertop cleaner and polish Quarterly sales Q is a random variable with a mean of 25000 bottles and a standard deviation of 2000 bottles Variable cost is


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.

(b) If all bottles are sold, what would the selling price have to be to break even, on average? To make a profit of $20,000?

Apr 01 2020 View more View Less

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