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( All answers were generated using 1 , 0 0 0 trials and native Excel functionality. ) cost are estimated as follows: ( a )
All answers were generated using trials and native Excel functionality.
cost are estimated as follows:
a Develop a whatif spreadsheet model computing profit for this product in the basecase, worstcase, and bestcase scenarios.
If your answer is negative, use minus sign.
Bestcase profit :
Worstcase profit :
Basecase profit $
b Construct a simulation model to estimate the average profit per unit. What is a confidence interval around this average?
Round your answers to two decimal places.
Lower Bound: s
Upper Bound: $
Round your answers to one decimal of a percentage.
Lower Bound:
Upper Bound:
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