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...


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?



May 20, 2022
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