Memory Division of Missing Byte,Inc

question 86

Multiple Choice

Memory Division of Missing Byte,Inc. The Memory Division of Missing Byte,Inc.produces a high-quality computer chip.Unit production costs (based on capacity production of 100,000 units per year) follow:
Refer to Memory Division of Missing Byte,Inc.Assume,for this question only,that the Memory Division is operating at a level of 70,000 chips per year.What is the minimum price that the division would consider on a "special order" of 1,000 chips to be distributed through normal channels?

• A)$78
• B)$95
• C)$100
• D)$81

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Definitions:

Probability

A quantification of the probability that a specific event will take place, commonly represented as a value ranging from 0 to 1.

Normal Model

A statistical model characterized by the normal (Gaussian) distribution, representing a bell-shaped curve where most observed data falls close to the mean.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a dataset deviate from the mean.

Weekly Income

The total amount of money earned or received by an individual or household in the span of one week.