A publisher for a promising new novel figures fixed costs (overhead, advances, promotion, copy editing, typesetting, and so on) at $59 comma 000 , and variable costs (printing, paper, binding, shipping) at $2.30 for each book produced. If the book is sold to distributors for $15 each, how many must be produced and sold for the publisher to break even ? The publisher must produce and sell ? books to break even.

He needs to sell approximately 4331 books to break even

Step-by-step explanation:

Let the number of books to be produced be = y

Total cost of production ($)

= 55000+2.3(x)

Price of the book sold($)= 15

Total money from sales= 15(x)

For the publisher to break even, the cost must be equal to the total money from sales.

55000+2.3(x)= 15x

55000= 15x-2.3x

55000= 12.7x

55000/12.7= x

4330.71= x

He needs to sell approximately 4331 books to break even

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step-by-step explanation:

answer: expected value of x = 1.0

step-by-step explanation:

p(x=0) = 0.25

p(x=1) = 0.50

p(x=2) = 0.25

expected value for x = 0×0.25 + 1×0.5 + 2×0.25 = 1.0