The management of Madeira Manufacturing Company is considering the introduction of a new product. The fixed cost
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Question:
(a) | Develop a what-if spreadsheet model computing profit for this product in the basecase, worst-case, and best-case scenarios. | ||||||||
If your answer is negative, use minus sign. | |||||||||
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(b) | Discuss why simulation would be appropriate for this situation. Would simulation be a preferable approach to analyze this situation? Why or why not? | ||||||||
The input in the box below will not be graded, but may be reviewed and considered by your instructor. | |||||||||
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