Estimates of the financial information for a new product show the following information:

Labor Costs per Unit Probability Fixed cost $50,000

12 .35

13 .45 Revenue $60/unit

14 .20

Standard

Demand Mean Deviation

Normal 10000 500

Distributed

Parts Cost is uniformly distributed Low High

20.00 50.0

Please construct a Best, Base and Worst case profit scenario.

Find Average Revenue and the Probability of Profit for 500 simulations.