All of the following are used for marginal analysis with the normal distribution in a single period model except
A)the mean sales for the product.
B)the standard deviation of sales.
C)marginal profit for the product.
D)marginal loss for the product.
E)median sales for the product.

Question

Quizplus · Accepted Answer

The concept of median does not relate to marginal analysis with the normal distribution. The mean sales and standard deviation are used to calculate the expected value and variability of sales, while marginal profit and loss are used to determine the optimal level of production.

All of the Following Are Used for Marginal Analysis with the Normal