$($e$)$ Why is the simulation approach to risk analysis preferable to generating a variety of what$-$if scenarios?

A simulation model provides a distribution of profit per unit values allowing the analyst to compute the likelihood of profit per unit to be in a specified range.

A simulation model is significantly easier to develop and verify than a set of what$-$if scenarios.

A simulation model provides the maximum and minimum possible profit per unit values which allows the analyst to determine how severe potential losses may be$.$