Question: ( All answers were generated using 1 , 0 0 0 trials and native Excel functionality. ) the decision. demand is equal to its average

(All answers were generated using 1,000 trials and native Excel functionality.)
the decision.
demand is equal to its average units)?
associated with the production quantity of 60,000 dolls? Round your 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 is
the profit computed in part (a).
two production quantities. What is the average profit associated with each? Round your answers to the nearest dollar. If your answer is negative, use a minus sign.
When ordering 50,000 units, the average profit is approximately $
When ordering 70,000 units, the average profit is approximately 9
(d) Besides average profit, what other factors should FIC consider in determining a production quantity? Compare the four production quantities (40,000; 50,000;60,000; and 70,000) using all these factors.
 (All answers were generated using 1,000 trials and native Excel functionality.)

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