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A Pharmaceutical Company Has Determined That If a New Cholesterol-Reducing

question 56

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A pharmaceutical company has determined that if a new cholesterol-reducing drug is manufactured (introduced to the market) ,the following probability distribution will describe this drug's contribution to the company's profits during the next six months. A pharmaceutical company has determined that if a new cholesterol-reducing drug is manufactured (introduced to the market) ,the following probability distribution will describe this drug's contribution to the company's profits during the next six months.   The company management has decided to market this product if the expected contribution to profit for the next six months is more than $90,000.Based on the information given above,should the company begin manufacturing the new drug? A) Yes,begin manufacturing B) No,don't begin manufacturing The company management has decided to market this product if the expected contribution to profit for the next six months is more than $90,000.Based on the information given above,should the company begin manufacturing the new drug?


Definitions:

Boosting Morale

Activities or actions taken to improve the spirit, confidence, or enthusiasm of a group or an individual.

Group Spirit

The sense of solidarity, enthusiasm, and loyalty shared by members within a group, team, or community.

Deliberate

To think about or discuss something very carefully in order to make a decision.

Controlled Mind

The state of consciously regulating thoughts, emotions, and actions through mental processes and self-discipline.

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