Question: Consider the Outsourcing Decision Model spreadsheet for an outsourcing decision model.We assume that the production ( demand ) volume is normally distributed with a mean

Consider the Outsourcing Decision Model spreadsheet for an outsourcing decision model.We assume that the production (demand) volume is normally distributed with a mean of 1,000 and a standard deviation of 100. For the unit cost, select the triangular distribution. It has a minimum value of $150, most likely value of $165, and a maximum value of $190. The number of trials per simulation is equal to 5,000 at a Sim. Random Seed of 1. Run the simulation and answer the following question(s) using the Analytic Solver Platform. [Hint: choose the closest value.] Do all the calculations and keep them as reference.A B Outsourcing Decision Model Data Manufactured In House Fixed Cost $60,000 Unit Variable Cost $130 Purchased from Supplier Unit Cost $165 Triangular random variate unit cost #NAME? Demand Volume $1,000 Normal distribution demand volume $1,120 Model Total Manufacturing Cost 190,000 Total Purchased Cost 165,000 Difference $25,000.00 Decision Outsource

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