a$)($b$)$ Construct a simulation model to estimate the mean profit per unit. $($Use at least $1,000$ trials.$)($c$)$ Why is the simulation approach to risk analysis preferable to generating a variety of what$-$if scenarios? Simulation will provide a distribution

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of the profit per unit values which can then be used to find the probability

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of an unacceptably low profit.

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Show your work for parts $($b$)$ and $($d$).$ Upload your spreadsheet. $($Submit a file with a maximum size of $1$ MB$.)$ Choose File No file chosen This answer has not been graded yet.

Please answer part d and show steps to upload a file, thank you