A consumer electronics rm produces a line of battery rechargers for cell phones. The following distributions apply:

• Unit price: triangular with a minimum of $30, most likely value of $35, and maximum of $38
• Unit cost: uniform with a minimum of $20 and a maximum of $23
• Quantity sold: 20,000 500*Unit price, plus a random term given by a normal distribution with a mean of 0 and a standard deviation of 5
• Fixed costs: normal with a mean of $20,000 and a standard deviation of $5,000

14. Attach an Excel file with a simulation model implemented by Analytic Solver Platform. Use the following simulation options:

• Trials per simulation: 1,000 simulation
• Simulation to Run: 1
• Simulation random seed: 2016
• Sampling method: Monte Carlo
• Random Number Streams: Single Stream for all Uncertain Variables
• Value to Display: 1
• Correlations: Check Use Correlations
• Random Number generator: CMRG