Question: (a) Before making a final decision on the production quantity, management wants an analysis of a more aggressive 70,000-unit production quantity and a more conservative
(a) Before making a final decision on the production quantity, management wants an analysis of a more aggressive 70,000-unit production quantity and a more conservative 50,000-unit production quantity. Run your simulation with these two production quantities. What is the average profit (in $) associated with each? (Use at least 10,000 trials. Round your answer to the nearest integer.)
average profit for 50,000 units $______
average profit for 70,000 units $______
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
