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please help with all parts! Thanks! PT=nP Where Pr is the total profit, n is the number of vehicles sold and P, is the profit

please help with all parts! Thanks! image text in transcribed
PT=nP Where Pr is the total profit, n is the number of vehicles sold and P, is the profit per vehicle. PART A Compute 5 iterations of a Monte Carlo simulation given the following information: n follows a uniform distribution with minimum of 1 and maximum 10 P follows a normal distribution with a mean of $7500 and a standard deviation of $1500 Number of bins: 10 Recall that for all practical purposes we will use 3 std. deviations from the mean as the maximum value for parameters following a normal distribution. Obviously, 5 iterations are not very many. In fact, typically you would simulate 10,000 iterations or so to view meaningful results but I figured that I'd give you a break . If you'd like to compute 10,000 iterations by hand for extra credit, go ahead... i.) ii.) What are the ranges for the 10 bins? Fill in the table below: Parameter Iteration 1 Iteration 2 Iteration 3 Iteration 4 Iteration 5 14 S5500 S7000 $3900 $9500 $5000 PT Bin # S Range iii.) Fill in the frequency of occurrences of each bin

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