Question: Don't copy and use bot I will vote the answer if copy or bot use then downvote for sure. I need typed answer. Suppose that

Don't copy and use bot I will vote the answer if copy or bot use then downvote for sure. I need typed answer.

Suppose that a small candy store makes Valentine's Day gift boxes that cost

$10.00

and sell for

$15.00.

In the past, at least

40

boxes have been sold by Valentine's Day, but the actual amount is uncertain, and the owner has often run short or made too many. After the holiday, any unsold boxes are discounted 50% and are eventually sold. Set up and run a Monte Carlo simulation assuming that demand is triangular with minimum

value=40,

maximum

value=50,

and most likely

value=47.

Find the distribution of profit for order quantities between

40

and

50

to identify the best order quantity. Use 20 simulation trials.

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