Question: Dear tutor, please help me with this simulation question(report). The question below 1s about Business Simulations and Assess Projects Profitability based on Monte Carlo Simulation.

Dear tutor, please help me with this simulation question(report).

Dear tutor, please help me with this simulation question(report). The question below

The question below 1s about Business Simulations and Assess Projects Profitability based on Monte Carlo Simulation. Imagine you have a manufacturing business and construction project in problems. The data is given as follows: Gross profit(Means: 170, Std. Dewviation: 20), Production cost(Means: 70, Std. Deviation: 10), Marketing cost(Means: 30, Std. Deviation: 8) and Payroll cost(Means: 40, Std. Deviation: 9) After running the simulation for 500 times of outcomes using Excel, the statistics for the data are calculated as follows. The 1st simulation for gross profit, production cost, marketing cost and payroll cost are 147,1434, 62.60586, 17.74464 and 34.73413 respectively. While the net price is 32.05882. The probability of getting profit is 0.882, minimum is -40.0571, maximum is 105.6228, mean is 30.37295 and St deviation 1s 25.8898. Also, 1t 1s found out that distribution of the data i1s normal distribution. Using the results above, Prepare a report summarizing your findings. The report should be concise and well structured, covering key aspects such as: 1.0verview of the simulation process and methodology used. 2.Summary of simulation results, including statistics and probability of generating profit. 3.Insights into the challenges faced by the manufacturing business and construction project. 4.Recommendations for improving profitability and mitigating risks

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