Before making a final decision on the production quantity, management wants an analysis of a more aggressive $70,000-$unit production quantity and a more conservative $50,000-$unit production quantity. Run your simulation with these 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 $

$.$

$($d$)$ Be

sides average profit, what other factors should FTC consider in determining a production quantity? Compare the four production quantities $(40,000$; $50,000$; $60,000$; and $70,000)$ using all these factors.

If required, round Probability of a Loss to three decimal places and Probability of a Shortage to two decimal places. Round the other answers to the nearest dollar. If your answer is negative, use a minus sign.

Production

Quantity Average

Net Profit Profit Standard

Deviation Maximum

Net Profit Probability of

a Loss Probability of

a Shortage

$40,000$ $

$

$

$50,000$ $

$

$

$60,000$ $

$

$

$70,000$ $

$

$