Question: please show detailed steps do not use solver in excel. complete problem in excel and show step by step so i can understand. I will

please show detailed steps do not use solver in excel. complete problem in excel and show step by step so i can understand. I will leave a good review!!

Use the profit model we developed in our class to implement a financial simulation model for a new product proposal and determine a distribution of profits using the discrete distributions shown in the spreadsheet for demand. Price is fixed at $1,000. Simulate this model for 50 trials and production quantity of 140 . What is the average profit

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