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A hardware company sells a lot of low-cost, highivolume products. For one such product, it is equally likely that annual unit sales will be low

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A hardware company sells a lot of low-cost, highivolume products. For one such product, it is equally likely that annual unit sales will be low or high, If sales are low ( 60,000), the Company can selt the product for $10 per unit. If sales are high (100,000), a competitor wilf enter and the company will be oble to sell the product for onty $8 per unit. The varable cout per unit has a 25% chance of being $6, a 50% chance of being $7.50, and a 25% chance of being $9. Annual fixed costs ate $30,000. a. Use simulation to estimate the company's expected annual profit. b. Find a 95% interval for the company's annual profit, that is, an interval such that about 95% of the actual profits are inside it, (if your ariswer is negative number, enter "muns" sign.) towertinh Uppertimit C. Now suppose that annual unit sales, variable cost, and unit pricer are equal to their respective expected values-that is, there is no uncertainty, Determine the company's annual prodit for this scenario

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