Question: this is the 5th tome im posting this question. The only answer thats been right is the -300,000. please solve correctly for Best case base
(All answers were generated using 1,000 trials and native Excel functionality.) The management of Madeira Computing is considering the introduction of a wearable electronic device with the functionality of a laptop computer and phone. The fixed cost to launch this new product is $300,000. The varlable cost for the product is expected to be between $128 and $192, with a most likely value of $160 per unit. The product will sell for $240 per unit. Demand for the product is expected to range from 0 to approximately 20,000 units, with 4,000 units the most likely. (a) Develop a what-if spreadsheet model computing profit for this product in the base-case, worst-case, and best-case scenarios. If your answer is negative, use minus sign. Best-case profit s Worst-case profit Base-case profit (b) Model the variable cost as a uniform random variable with a minimum of $128 and a maximum of $192. Model the product demand as 1,000 times the value of a gamma random variable with an alpha parameter of 3 and a beto parameter of 2 . Construct a simulation model to estimate the average profit and the probability that the project will result in a loss. Round your answers to the nearest whole number. Average Profit s 8 Probability of a toss 396 (c) The average profit is and the probability of a loss is than 20%. Thus, Madeira Computing want to launch the product if they have low risk tolerance
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