Since the demand is being modeled as a normal random variable, the sample mean profit will always tend to be higher than the true mean profit. Profit is limited by the production quantity, so higher than average demand does not correspond to higher profits, but lower demand will lead to lower profits. Since the demand is being modeled as a normal random variable, the sample mean profit will always tend to be lower than the mean profit. Profit is limited by the production quantity, so lower than average demand does not correspond to lower profits, but higher demand lead to higher profits. (d) Before making a final decision on the production quantity, management wants an analysis of a more aggressive 70,000-unit production quantit and a more conservative 50,000-unit production quantity. Run your simulation with these two production quantities. (Use at least 1,000 trials. Round your answers to the nearest integer.) What is the mean profit (in dollars) associated with 50,000 units? $ What is the mean profit (in dollars) associated with 70,000 units? $ (e) In addition to mean profit, what other factors should FTC consider in determining a production quantity? (Select all that apply.) gut feeling profit standard deviation probability of a loss probability of a shortage stock market