Using the concepts and example in the Powerpoint notes, reproduce both sheets of the
simulation using the following, new distributional characteristics.
Direct labor cost probability
$43 .25
44 .2
45 .1
46 .2
47 .25
Now say the cost of the parts per unit demanded has a uniform distribution over the interval 75 to 105.
Also consider first-year demand as having a normal distribution with mean = 15,000 and a standard deviation = 4750.

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Sheet 1 Direct Labor Cost Simulation To simulate the direct labor cost we will use the given probabi... View the full answer