19. Suppose after building a simulation model and running 1000 trials for a project in designing a distribution

system, you obtained results as follows

Median Profit $23,500

Mean Profit $23,700

Standard Deviation $6.139

Minimum Profit (-)$2,870

Maximum Profit $44.333

Which of the following statement is true about the summary statistics?

a. The company can have a net loss, though low probability.

b. If you rank the profit in 1000 trials, the middle value is $23,500.

c. the probability that the company achieves a profit greater than $20,000 is certainly greater