Lemma
MediumCounting & chance
AQuA-RAT train #5734 · Probability · Counting & chance

A certain company plans to sell Product X for p dollars per…

A certain company plans to sell Product X for p dollars per unit, where p is randomly chosen from all possible positive values not greater than 100. The monthly manufacturing cost for Product X (in thousands of dollars) is 12 - p, and the projected monthly revenue from Product X (in thousands of dollars) is p(6 - p). If the projected revenue is realized, what is the probability that the company will NOT see a profit on sales of Product X in the first month of sales?

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AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #5734

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