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Change Administrative & Advertising Cost value to $500,000. Repeatedly press function key F9 to generate new random numbers. What happens to the Profit Distribution? Specifically
- Change Administrative & Advertising Cost value to $500,000. Repeatedly press function key F9 to generate new random numbers. What happens to the Profit Distribution? Specifically explain the reason for the change.
- Change the Administrative & Advertising Cost value back to $1,000,000. Change the Lower Bound value of the Parts Cost to $50. Change the Upper Bound value of the Parts Cost to $170. Repeatedly press function key F9 to generate new random numbers. What happens to the Profit Distribution? Specifically explain the reason for the change.
- Change the Lower Bound value of the Parts Cost back to $80. Change the Upper Bound value of the Parts Cost to $100. Change the Standard Deviation value of the Demand to 1,000. Repeatedly press function key F9 to generate new random numbers. What happens to the Profit Distribution? Specifically explain the reason for the change.
- Change the Standard Deviation value of the Demand back to 4,500. Change the Selling Price per Unit to $190. Repeatedly press function key F9 to generate new random numbers. What happens to the Profit Distribution? Specifically explain the reason for the change.
Submit the Sanotronics Model Excel file for this problem. Submitting a file with the correct answers but without the SanotronicsModel.xlsx file may result in a significant point reduction.
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