Question: Implement a financial simulation model for a new product proposal and determine a distribution of profits using the provided discrete distributions for the unit cost,

Implement a financial simulation model for a new product proposal and determine a distribution of profits using the provided discrete distributions for the unit cost, demand, and fixed fits using the provided discre

t is the average profit? t a financial simulation model for a new product proposal and determine a distribution of profits using the provided discrete

d

Simulation Results

costs. Price is fixed at $

1, 000 .

Simulate this model for

50

trials and a production quantity of

140 .

What is the average profit?

Click here to view the discrete distributions.

Click here to view a sample of

50

simulation trial results.

Set up a lookup table for the unit cost.

(

Type integers or decimals. Do not round. Use ascending order.

)

Unit Cost Probability Lower Limit Upper Limit

Implement a financial simulation model for a new product proposal and

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