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c) Use the simulation model to compute the profit for each trial of the simulation run (noting that Strassel's profit is $0 if he does

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c) Use the simulation model to compute the profit for each trial of the simulation run (noting that Strassel's profit is $0 if he does not win the bid). With maximization of profit as Strassel's objective, use simulation to evaluate Strassel's bid alternatives of $129,000, $139,000, or $149,000. What is the expected profit (in dollars) for each bid alternative? (Use at least 5,000 trials. Round your answers to the nearest dollar.) expected profit for a bid of $129,000 expected profit for a bid of $139,000 expected profit for a bid of $149,000 Whot is the recommended bid? $129,000 $139,000 $149,000

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