Question: ( C ) Based on the simulation results in ( b) determine Madam Chan's monetary losses that result from unmet demand and unsold newspapers Calculate

( C ) Based on the simulation results in ( b) determine Madam Chan's monetary losses that result from unmet demand and unsold newspapers Calculate her net profit for these ten days . ( Note that the loss resulting from unmet demand is considered as opportunity cost , or loss of potential profit - a profit that Madam Chan would have made if she has enough stock ) ( 7 marks )

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