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Use the simulation model to compute the profit for each trial of the simulation run ( noting that Strassel's profit is $ 0 if he
Use the simulation model to compute the profit for each trial of the simulation run noting that Strassel's profit is $ if he does not win the bid With maximization of profit as Strassel's objective, use simulation to evaluate Strassel's bid alternatives of $ $ or $ What is the expected profit in dollars for each bid alternative? Use at least trials. Round your answers to the nearest dollar.
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