Model File Available:

labor cost, and the transportation cost are estimated in the following table.

$($a$)$ Compute profit $($in $$)$ per unit for the base$-$case scenario.

$

$/$unit

$($b$)$ Compute profit $($in $$)$ per unit for the worst$-$case scenario.

$

$/$unit

$($c$)$ Compute profit $($in $$)$ per unit for the best$-$case scenario.

$

$/$unit

$($d$)$ Construct a simulation model to estimate the mean profit $($in $$)$ per unit. $($Use at least $1,000$ trials. Round your answer to two decimal places.$)$

$

$($e$)$ Why is the simulation approach to risk analysis preferable to generating a variety of what$-$if scenarios?

Simulation will provid

of the profit per unit values which can then be used to find $---$ Select$---,$ of an unacceptably low profit.