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(All answers were generated using 1,000 trials and native Excel functionality.) cost are estimated...

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Accounting

(All answers were generated using 1,000 trials and native Excel functionality.)
cost are estimated as follows:
(a) Develop a what-if spreadsheet model computing profit for this product in the base-case, worst-case, and best-case scenarios.
If your answer is negative, use minus sign.
Best-case profit :
Worst-case profit :
Base-case profit $
(b) Construct a simulation model to estimate the average profit per unit. What is a 95% confidence interval around this average?
Round your answers to two decimal places.
Lower Bound: s
Upper Bound: $
Round your answers to one decimal of a percentage.
Lower Bound:
Upper Bound:
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