Question: ( All answers were generated using 1 , 0 0 0 trials and native Excel functionality. ) regarding this production quantity before finalizing the decision.
All answers were generated using trials and native Excel functionality.
regarding this production quantity before finalizing the decision.
$
answer to the nearest dollar.
$
How does this compare to the profit corresponding to the average demand as computed in part a
The average profit from the simulation
the profit computed in part a
with each? Round your answers to the nearest dollar. If your answer is negative, use a minus sign.
When ordering units, the average profit is approximately
When ordering units, the average profit is approximately $
d Besides average profit, what other factors should FTC consider in determining a production quantity? Compare the four production quantities ; ; ; and using all these factors.
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