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(All answers were generated using 1,000 trials arid native Excel functionality.) The management of Brinkley Corporation is interested in using simulation to estimate the profit

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(All answers were generated using 1,000 trials arid native Excel functionality.) The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost. the labor cost, and the transportation cost are estimated as follows: Procurement Labor Transportation Cost ($) Probability Cost (S) Probability Cost ($) Probability 10 0.25 20 0.10 0.75 11 22 025 0.25 12 0.30 124 0.35 25 0.30 Construct a simulation model to estimate the average profit per unit. What is a 95% confidence (2) interval around this average Round your answers to two decimal places and enter just numeric values. Lower Bound Upper Bound: Management believes that the p sustainable if the profit per unit is less than (b) $5. Use simulation to eatin he profit per unit will be less than $5. What is a 95% confidence interval 's propo Round your answers to o l of a percenten Lower Bound: Upper Bound

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