Question: (All answers were generated using 1,000 trials and native Excel functionality.) for the purchase cost, the labor cost, and the transportation cost are estimated as

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

(All answers were generated using 1,000 trials and native Excel functionality.) for the purchase cost, the labor cost, and the transportation cost are estimated as follows: (a) Construct a simulation model to estimate the average profit per unit. What is a 95% confidence interval around this average? Round your answers to two decimal places. Lower Bound: $ Upper Bound: $ 95% confidence interval around this proportion? Round your answers to one decimal of a percentage. Lower Bound: % Upper Bound: %

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