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unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated in the following table. table [ [

unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated in the following table.
\table[[\table[[Procurement],[Cost($)]],Probability,\table[[Labor],[Cost ($)]],Probability,\table[[Transportation],[Cost ($)]],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,,]]
(a) Compute profit (in $) per unit for the base-case scenario.
$,?unit
(b) Compute profit (in $) per unit for the worst-case scenario.
$ ?unit
(c) Compute profit (in $) per unit for the best-case scenario.
$,?unit
(d) Construct a simulation model to estimate the mean profit (in $) per unit. (Use at least 1,000 trials. Round your answer to two decimal places.) $
(e) Why is the simulation approach to risk analysis preferable to generating a variety of what-if scenarios?
Simulation will provide of the profit per unit values which can then be used to find of an unacceptably low profit. (Round your answer to three decimal places.)
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