please help me in this Question. Its about simulation problem... you should do it in excel...

The management of Madeira Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is $3000 The variable cost for the product is uniformly distributed between $16 and $24 per unit with most likely value of $20 per unit. The product will sell for $50 per unit. Demand for the product is expected to range from 300 to 2100 units, with 1200 units the most likely demand.

1-using 30 trials simulation to develop the profit model for this product.

2-compute the mean, min and max for profit

3-what is the probability of loss

4-provide the base case, worst case, best case, analysis in case of simulation and not simulation, compare between them.

5-discuss why simulation would be desirable.