Answer to Question #44590 in Math for sunain

Question #44590
Estimates of the financial information for a new product show the following information:

Units Sold Probability Fixed cost Rs. 8,000
600 .35 Variable cost Rs. 6 / unit
800 .45 Revenue Rs. 22 / unit
1000 .20

Use the random numbers .51, .97, .58, .22, and .16 to simulate five trials. What is the net profit for each trial?
1
Expert's answer
2014-07-31T12:16:41-0400
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