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DETAILS I CAMMIMS1612.E.OO1. The management of Brinkley Corporation is interested in using simulation to estimate the prot (in $) per unit for a new product.

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DETAILS I CAMMIMS1612.E.OO1. The management of Brinkley Corporation is interested in using simulation to estimate the prot (in $) per unit for a new product. The selling price for the product will be $43 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated in the following table. (a) (b) (C) (d) (e) (f) \"21:52:?\" Probability $2211) probability "32:23:?\" probability 10 0.25 20 0.10 3 0.75 11 0.45 22 0.25 5 0.25 12 0.30 24 0. 35 25 0.30 Compute profit (in $) per unit for the base-case scenario. $10 Construct a simulation model to estimate the mean prot (in $) per unit. (Use at least 1,000 trials. Round your answer to two decimal places.) $ 6.5 Why is the simulation approach to risk analysis preferable to generating a variety of what-if scenarios? Simulation will provide $5 / /unit / /unit a distribution Compute profit (in $) per unit for the worst-case scenario. $ 1 / /unit Compute profit (in $) per unit for the best-case scenario. MYNOTES I ASKYOURTEACHER I a \\/ of the prot per unit values which can then be used to find the probability / of an unacceptably low prot. Management believes the project may not be sustainable if the prot per unit is less than $5. Use simulation to estimate the probability the prot per unit will be less than $5. (Round your answer to three decimal places.) 8.1 X

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