Question: Please complete letter B and show work and excel formulas. thank you (no other chegg answers are correct) Problem #1: Brinkley Corporation The management of

Please complete letter B and show work and excel formulas. thank you (no other chegg answers are correct)Please complete letter B and show work and excel

Problem #1: Brinkley Corporation The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows: Procurement Cost ($) Probability Labor Cost ($) Probability Transportation Cost ($) Probability 10 0.25 20 0.10 3 0.75 11 0.45 22 0.25 5 0.25 12 0.30 24 0.35 25 0.30 a) Compute profit per unit for the base-case, worst-case, and best-case scenarios. b) Construct a simulation model to estimate the mean profit per unit. c) Why is the simulation approach to risk analysis preferable to generating a variety of what-if scenarios? d) Management believes the project may not be sustainable if the profit per unit is less than $5. Use simulation to estimate the probability the profit per unit will be less than $5

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