Scenario Analysis. Reconsider the best- and worst-case scenarios in the previous problem. Do the best- and worst-case

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Scenario Analysis. Reconsider the best- and worst-case scenarios in the previous problem.

Do the best- and worst-case outcomes when each variable is treated independently seem to be reasonable scenarios in terms of the combinations of variables? For example, if price is higher than predicted, is it more or less likely that cost is higher than predicted? What other relationships may exist among the variables?

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