Answer:
After one unit is sold, Becky will break-even.
Step-by-step explanation:
Giving the following information:
Fixed costs= $1
Unitary variable cost= $21
Selling price= $22
<u>The break-even point is the number of units required to cover the fixed costs after deducting from the selling price the variable components. At this point, net income is zero</u>.
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 1 / (22 - 21)
Break-even point in units= 1
After one unit is sold, Becky will break-even.
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Answer:
And we can find the individual probabilities:
And replacing we got:
Step-by-step explanation:
Previous concepts
The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".
Solution to the problem
Let X the random variable of interest, on this case we now that:
The probability associated to a failure would be p =1-0.09 = 0.91
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
And we want to find this probability:
And we can find the individual probabilities:
And replacing we got: