PLEASE JUST ANSWER PART B AND C!!
likely value of $207 per unit. The product will sell for $300 per unit. Demand for the product is expected to range from 0 to approximately 20,000 units, with 4,000 units the most likely. (a) Develop a what-if spreadsheet model computing profit (in \$) for this product in the base-case, worst-case, and best-case scenarios. average profit and the probability that the project will result in a loss. (Use at least 1,000 trials.) What is the average profit (in $ )? (Round your answer to the nearest thousand.) What is the probability the project will result in a loss? (Round your answer to three decimal places.) x (c) What is your recommendation regarding whether to launch the product? The average profit is in the negative, so Madeira Computing should not launch this product. While the probability of a loss is less than 10%, the average profit is extremely low, so it may not be worthwhile for Madeira Computing to launch this product. The average profit is extremely low, and the probability of a loss is greater than 10%, so Madeira Computing should not launch this product. While the average profit is fairly high, the probability of a loss is greater than 10%, so Madeira Computing may not want to launch the product if they have low risk tolerance. The average profit is fairly high, and the probability of a loss is less than 10%, so it appears to be a good idea for Madeira Computing to launch this product. likely value of $207 per unit. The product will sell for $300 per unit. Demand for the product is expected to range from 0 to approximately 20,000 units, with 4,000 units the most likely. (a) Develop a what-if spreadsheet model computing profit (in \$) for this product in the base-case, worst-case, and best-case scenarios. average profit and the probability that the project will result in a loss. (Use at least 1,000 trials.) What is the average profit (in $ )? (Round your answer to the nearest thousand.) What is the probability the project will result in a loss? (Round your answer to three decimal places.) x (c) What is your recommendation regarding whether to launch the product? The average profit is in the negative, so Madeira Computing should not launch this product. While the probability of a loss is less than 10%, the average profit is extremely low, so it may not be worthwhile for Madeira Computing to launch this product. The average profit is extremely low, and the probability of a loss is greater than 10%, so Madeira Computing should not launch this product. While the average profit is fairly high, the probability of a loss is greater than 10%, so Madeira Computing may not want to launch the product if they have low risk tolerance. The average profit is fairly high, and the probability of a loss is less than 10%, so it appears to be a good idea for Madeira Computing to launch this product
