Duqm steel rolling mills produces steel sheets. The project manager feels that selling price per...

60.1K

Verified Solution

Question

Finance

image
Duqm steel rolling mills produces steel sheets. The project manager feels that selling price per meter can vary between a minimum of rials to a maximum of 11 rials per meter. Assuming plant capacity is 100 meters per hour and capacity utilization can vary between a minimum of 70% and a maximum of 100% calculate the sales revenue per year for 3 simulation trails. Use the following random numbers Random number for capacity Random number for selling price Trial 6.260326 342735 Trial z 6.659406 6.48847 Trial 3 0 336719 6.668869 Your final answer Trial 1 Trial 2 Trial 3

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students