$\backslash$table$[[\backslash$table$[[$Procurement$],[$Cost $($$$)]],\backslash$table$[[$Labor$],[$Probability$],[$Cost $($$$)]],$Probability,Transportation$],[10,0\mathrm{.}25,20,0\mathrm{.}10,3,0\mathrm{.}75],[11,0\mathrm{.}45,22,0\mathrm{.}25,5,0\mathrm{.}25],[12,0\mathrm{.}30,24,0\mathrm{.}35,,],[,,25,0\mathrm{.}30,,]]$

a$.$ Compute profit per unit for the base$-$case, worst$-$case, and best$-$case scenarios.

Profit per unit for the base$-$case: $ $$

Profit per unit for the worstrase: $ $$

Profit per unit for the best$-$ase: $ $$

b$.$ Construct a simulation model to estimate the mean profit per unit. If required, round your answer to the nearest cent.

Mean profit per unit $=$$ $$

c$.$ Why is the simulation approach to nisk analysis preferable to generating a variety of what$--$if scenarios?

The input in the box below will not be graded, but may be reviewed and considered by your instructor.

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d$.$ Management believes the projec 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.$ If required, round your answer to two decimal places.

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