Question: Please see question below and help with a-d. 1. The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit

Please see question below and help with a-d.

Please see question below and help with a-d. 1. The management of

1. 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 $45 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows: Procurement Labor Transportation Cost ($) Probability Cost ($) Probability Cost ($) Probability 10 0.25 20 0.10 0.75 0.45 22 0.25 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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