Question: ( All answers were generated using 1 , 0 0 0 trials and native Excel functionality. ) 1 0 0 , Galaxy sells only the

(All answers were generated using 1,000 trials and native Excel functionality.)100, Galaxy sells only the 100 pairs of goggles in stock. Galaxy assigns a shortage cost of $40 for each unit of demand that is unsatisfied to represent a loss-of-goodwill among its customers. Management would like to use a simulation model to analyze this situation.
(a) What is the average monthly profit resulting from its policy of stocking 100 pairs of goggles at the beginning of each month? Round your answer to the nearest dollar.
(b) What is the proportion of months in which demand is completely satisfied? Round your answer to the nearest whole number.
% The average difference between the net profit generated by a replenishment level of 120 versus a replenishment level of 100 is $, It means that monthly replenishment level of - Select your answer -1 increases profitability.
 (All answers were generated using 1,000 trials and native Excel functionality.)100,

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