To determine the optimal price to set for meals in your restaurant, you would need to conduct a simulation analysis. This involves running 500 simulations for both pricing scenarios ( 16 per meal) and analyzing the results to determine the average profit, maximum profit, minimum profit, and risk of loss for each scenario. The fixed costs and overhead costs total to 5 and 14 price and 250 meals for the $16 price, both with a standard deviation of 20. For each simulation, you would calculate the total cost (fixed costs plus the cost of food preparation for the number of meals demanded), and the total revenue (price per meal times the number of meals demanded). The profit is then the total revenue minus the total cost. The risk of loss is the proportion of simulations where the profit is less than zero. After running the simulations, you would summarize the results in a table and create scatter plots of the profit for each pricing scenario. Based on the results of the simulations, you would choose the pricing strategy that maximizes the average profit and minimizes the risk of loss. If the average profits are similar for both prices, you might