Question: In reference to a problem from the textbook: Essentials of Business Analytics (1st Edition): Chapter 11, 2P Webfile SanatronicsASP, page 528. I need help in

In reference to a problem from the textbook: Essentials of Business Analytics (1st Edition): Chapter 11, 2P Webfile SanatronicsASP, page 528. I need help in entering the formula to obtain the correct data in spreadsheet.

Link on Chegg: https://www.chegg.com/homework-help/Essentials-of-Business-Analytics-1st-edition-chapter-11-problem-2P-solution-9781285187273

2. Using Analytic Solver Platform, develop a simulation model for the Sanatronics problem that was presented in Section 11.2 using native Excel functionality.

a. Obtain estimates for the mean profit, maximum profit, minimum profit, and standard deviation profit.

b. What is your estimate of the probability of a loss?

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