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cost are estimated in the following table. (a) Compute profit (in $) per unit for the base-case scenario. 4 /unit (b) Compute profit (in $)
cost are estimated in the following table. (a) Compute profit (in \$) per unit for the base-case scenario. 4 /unit (b) Compute profit (in \$) per unit for the worst-case scenario. /unit (c) Compute profit (in \$) per unit for the best-case scenario. /unit (d) Construct a simulation model to estimate the mean profit (in \$) per unit. (Use at least 1,000 trials. Round your answer to two decimal places.) (e) Why is the simulation approach to risk analysis preferable to generating a variety of what-if scenarios? Simulation will provide a distribution of the profit per unit values which can then be used to find the probability of andaccepty low prof
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