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The following financial information was presented to potential investors for the launch of a new high-end portable barbecue: Units Sold Probability Fixed cost $110,000 500

The following financial information was presented to potential investors for the launch of a new high-end portable barbecue:

Units Sold Probability Fixed cost $110,000
500 .13 Variable cost $55 / unit
750 .52 Revenue $230 / unit
1000 .35

Use the random numbers .09, .16, .89, .23, .56, .32, .26, and .78 to simulate eight trials. What is the net profit for each trial?

What is the average net profit?

Copy your Excel table(s) for the simulation.

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