(All answers were generated using 1,000 trials and native Excel functionality.) represent a...
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Accounting
All answers were generated using trials and native Excel functionality.
represent a lossofgoodwill among its customers. Management would like to use a simulation model to analyze this situation.
a What is the average monthly profit resulting from its policy of stocking routers at the beginning of each month? Round your answer to the nearest dollar.
$
b What is the proportion of months in which demand is completely satisfied? Round your answer to the nearest whole number:
Use the corresponding confidence intervals on the average profit to make your comparison. Round your answers to the nearest dollar.
Lower Bound: $
Upper Bound: $
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