Soft pretzels. Build a spreadsheet model that contains the following information. Market size 100,000 units Normally...

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Soft pretzels. Build a spreadsheet model that contains the following information. Market size 100,000 units Normally distributed with a standard deviation of 10,000 units 22% Market share Triangular distribution, minimum = 16%, most likely = 22%, maximum = 28% Price per unit Variable cost per unit Fixed cost $0.50 $0.10 $7,833 Determine: the profit Profit = Revenue - (Variable cost per unit) (# of units) - Fixed cost Remember that (# of units) = (Market size)(Market share) Revenue = (Market size) (Market share) (price per unit) Find the expected mean and standard deviation for the profit. Attach your output graph. Use 1000 iterations. Enter the profit in the box to the nearest dollar, but enter only the number (no $ sign). Soft pretzels. Build a spreadsheet model that contains the following information. Market size 100,000 units Normally distributed with a standard deviation of 10,000 units 22% Market share Triangular distribution, minimum = 16%, most likely = 22%, maximum = 28% Price per unit Variable cost per unit Fixed cost $0.50 $0.10 $7,833 Determine: the profit Profit = Revenue - (Variable cost per unit) (# of units) - Fixed cost Remember that (# of units) = (Market size)(Market share) Revenue = (Market size) (Market share) (price per unit) Find the expected mean and standard deviation for the profit. Attach your output graph. Use 1000 iterations. Enter the profit in the box to the nearest dollar, but enter only the number (no $ sign).

Answer rating: 100% (QA)

Expected mean profit 11233 Standard deviation of profit 3063 further explan... View the full answer