Question: please help for part c, second time posting this:( (c) Use the simulation model to compute the profit bor each tral of the simulbtich ran
(c) Use the simulation model to compute the profit bor each tral of the simulbtich ran (noting that strassers proft is so if hat does not win the bid). With maximizatien of proht at Strasselis objective, ute simulation to evaluste 5 tratsers bid alternatives of $126,000,$136,000,00.5146,000. What is the expected profit (in dollars) for each bid atternutive? (Use at less 5,000 trials. Round your answers to the neareat dollar.) expected prolit for a bid of $126,000 expected protit for a bid of 1136,060 expected prant for a bid of $145,000 What is the recommended bid? (c) Use the simulation model to compute the profit bor each tral of the simulbtich ran (noting that strassers proft is so if hat does not win the bid). With maximizatien of proht at Strasselis objective, ute simulation to evaluste 5 tratsers bid alternatives of $126,000,$136,000,00.5146,000. What is the expected profit (in dollars) for each bid atternutive? (Use at less 5,000 trials. Round your answers to the neareat dollar.) expected prolit for a bid of $126,000 expected protit for a bid of 1136,060 expected prant for a bid of $145,000 What is the recommended bid
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