Business
Business, 05.05.2020 07:28, Tonyang1742

The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows: Procurement Cost ($) Probability Labor Cost ($) Probability Transportation Cost ($) Probability 10 0.25 20 0.10 3 0.75 11 0.45 22 0.25 5 0.25 12 0.30 24 0.35 25 0.30 Compute profit per unit for the base-case, worst-case, and best-case scenarios. Profit per unit for the base-case: $ Profit per unit for the worst-case: $ Profit per unit for the best-case: $ Construct a simulation model to estimate the mean profit per unit. If required, round your answer to the nearest cent. Mean profit per unit

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