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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.
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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