The management of Brinkley Corporation is interested in using simulation to estimate the profit (in $) per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions t the purchase cost, the labor cost, and the transportation cost are estimated in the following table. Procurement Cost(5) Probability Labor Cost (5) Probability Transportation Cost (5) Probability 10 0.25 20 0.10 3 0.75 11 0.45 22 0.25 5 0.25 12 0.30 24 0.35 25 0:30 (a) Compute proft (in $) per unit for the base-case scenario /unit (b) Compute profit (in $) per unit for the worst-case scenario. (e) Why is the simulation approach to risk analysis preferable to generating a variety of what if scenarios? Simulation will provide a distribution of the profit per unit values which can then be used to find the probabisty of an unacceptably low profi (f) Management believes the project may not be sustainable if the profit per unit is less than $5. Use simulation to estimate the probability the profit per unit will be less than $5 (Round your answer to three decimal places.) 0220 x