Mathematics
Mathematics, 31.08.2021 19:40, tamaliablanchard

Estimates of the financial information for a new product show the following information: Fixed cost: $9,000 Variable cost: $6.50/unit Revenue: $21/unit The number of units sold is assumed to follow a normal distribution with a mean of 800 and a standard deviation of 100. 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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