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Estimates of the financial information for a new product show the following information: Units Sold Probability 600 0.35 800 0.45 0.2 1,000 Fixed cost: $8,000

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Estimates of the financial information for a new product show the following information: Units Sold Probability 600 0.35 800 0.45 0.2 1,000 Fixed cost: $8,000 Variable cost: $6/unit Revenue: $22/unit Use the random numbers.51, 97,.58, 22, and.16 to simulate five trials. What is the net profit for each trial? What is the average net profit over these 5 trials

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