For the profit model developed in Example 11.2 in Chapter 11 and the Excel model in Figure 11.4, suppose that the demand is triangular with a minimum of 35,000, maximum of 60,000 and most likely value of 50,000; fixed costs are normal with a mean of $400,000 and a standard deviation of $25,000; and unit costs are triangular with a minimum of $22.00, most likely value of $24.00, and maximum value of $30.00. a. Use Analytic Solver Platform to find the distribution of profit. b. What is the mean profit that can be expected? c. How much profit can be expected with probability of at least 0.7? d. Find a 95% confidence interval for a 5,000-trial simulation. e. Interpret the sensitivity chart.

Can you solve using formulas?