$($All answers were generated using $1,000$ trials and native Excel functionality.$)$

most likely.

$($a$)$ Develop a what$-$if spreadsheet model computing profit for this product in the base$-$case, worst$-$case, and best$-$case scenarios.

If your answer is negative, use minus sign.

a simulation model to estimate the average profit and the probability that the project will result in a loss.

Round your answers to the nearest whole number.

Average Profit

Probability of a Loss

$($c$)$ What is your recommendation regarding whether to launch the product?

The average profit is and the probability of a loss is

tolerance.