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Please help only give needed answers (All answers were generated using 1,000 trials and native Excel functionality.) cost, the labor cost, and the transportation cost
Please help only give needed answers
(All answers were generated using 1,000 trials and native Excel functionality.) cost, the labor cost, and the transportation cost are estimated as follows: (a) Develop a what-if spreadsheet model computing profit for this product in the base-case, worst-case, and best-case scenarios. If your answer is negative, use minus sign. Best-case profit $ Worst-case profit \$ Base-case profit $ (b) Construct a simulation model to estimate the average profit per unit. What is a 95% confidence interval around this average? Round your answers to two decimal places. Lower Bound: $ Upper Bound: $ interval around this proportion? Round your answers to one decimal of a percentage. Lower Bound: % Upper Bound: %
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