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Question 3 (1 point) The following is a deterministic model to estimate the profit that would be realized by opening a corner hot dog stand. Use this model to develop a Monte Carlo simulation to characterize the uncertainty of the contribution to profit. The distributions that you will use to characterize the uncertain quantities are listed below. Given your model, what is the value of the Contribution to Profit that most closely represents the 55% fractal? Distributions to use Normal with mean-100000 and sid dev - 10000 Uniform between 25% and 35% ASSUMPTIONS Market Size Market Proportion Price Variable Cost Fixed Cost Call C5) 100000 (C6) 25% $0.45 (CB) $0.20 (CS) $5,622 Triangle with min-$0.15, most likely-$0.20 and max-$0 25 Discrete with P($4,665-10%. P/85,622)-80% and P(56,211)-10% FORCAST: Net Contribution to Profit $628.00-CS'CE (C7-CB)-C9 $200 $400 $600 $800 $1000 $2000 Question 3 (1 point) The following is a deterministic model to estimate the profit that would be realized by opening a corner hot dog stand. Use this model to develop a Monte Carlo simulation to characterize the uncertainty of the contribution to profit. The distributions that you will use to characterize the uncertain quantities are listed below. Given your model, what is the value of the Contribution to Profit that most closely represents the 55% fractal? Distributions to use Normal with mean-100000 and sid dev - 10000 Uniform between 25% and 35% ASSUMPTIONS Market Size Market Proportion Price Variable Cost Fixed Cost Call C5) 100000 (C6) 25% $0.45 (CB) $0.20 (CS) $5,622 Triangle with min-$0.15, most likely-$0.20 and max-$0 25 Discrete with P($4,665-10%. P/85,622)-80% and P(56,211)-10% FORCAST: Net Contribution to Profit $628.00-CS'CE (C7-CB)-C9 $200 $400 $600 $800 $1000 $2000