Mathematics

Mathematics, 30.05.2020 23:58, NoodlesYT

Estimates of the financial information for a new product show the following information: Units Sold Probability 600 0.35 800 0.45 1,000 0.2 Fixed cost: $8,000 Variable cost: $6/unit Revenue: $22/unit Use the random numbers .51, .97, .58, .22, and .16 to simulate five trials. What is the net profit for each trial

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