Question: Use the profit model to implement a financial simulation model for a new product proposal and determine a distribution of profits using the discrete distributions

Use the profit model 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?

All information is in the picture below....

Use the profit model to implement a financial simulation model for

Profit Model Data

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