There is no option of the box plots, so I have created a version that would represent this data.
To make the box plot you will need the lower extreme, lower quartile, median, upper quartile, and upper extreme.
Please see the attached picture.
Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
The expression 120+4x represents the cost of producing x items. The selling price is $5 for each item.
<u>The net income formula:</u>
y= (5 - 4)x - 120
(5-4)= contribution margin per unit sold (x)
120= fixed costs
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 120 / 1
Break-even point in units= 120 units
Prove:
y= 1*120 - 120
y= 0