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( All answers were generated using 1 , 0 0 0 trials and native Excel functionality. ) ( a ) Develop a what - if
All answers were generated using trials and native Excel functionality.
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.
profit and the probability that the project will result in a loss.
Round your answers to the nearest whole number.
c What is your recommendation regarding whether to launch the product?
The average profit is fairly
and the probability of a loss is
than Thus, Madeira Computing
want to launch the product if they have low risk tolerance.
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