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

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A hardware company sells a lot of low-cost, highvolume products. For one such product, it is equally likely that annuat unit sales will be low or high. If sales-are low ( 60,000) the company can sell the product for $10 per unit. If sales are high (100,000), a competitor will enter and the company will be abie to sell the product for only 58 per unit. The variable cost per unit has a 25% chance of being $6, a 50% chance of beino $7.50, and a 25% chance of being $9. Anoual fixed costs are $30,000. a. Use simulation to estamate 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 answer is negative number, enter "minus" sign.) c. Now suppose that annual unit sales, variable cost, and unt price are equal to then respective expected values-that is, there is no uncertainty. Determine the cornpany's annuat profit for this scenario. Please provide steps and answers

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