for the purchase cost, the labor cost, and the transportation cost are estimated as follows: (a) Compute profit per unit for the base-case, worst-case, and best-case scenarios. BaseCaseusingmostlikelycostsWorstCaseBestCaseProfit=$Profit=$Profit=$/unit/unit/unit (b) Construct a simulation model to estimate the mean profit per unit. (Use at least 1,000 trials.) $ (c) Why is the simulation approach to risk analysis preferable to generating a variety of what-if scenarios? Simulation will provide of the profit per unit values which can then be used to find of an unacceptably low profit. answer to three decimal places.) Show your work for parts (b) and (d). Upload your spreadsheet. (Submit a file with a maximum size of 1 MB.) No file chosen This answer has not been graded yet