Repeat the risk-analysis simulation (No of trials = 400) in section 12.1and 12.2 with the following changes (keep values of other parameters unchanged as in section 12.1and 12.2):
• Selling price = $24910 • Fixed cost = $1,100,000 • Table 12.1(page 503) for direct labor cost- change the costs and probabilities (cost and probability in that order) like this: ($44, 0.25); ($45. 0.15); ($46, 0.25); ($47, 0.10); ($48, 0.25) Note: the range of cost is now $44-$48 • Figure 12.5 (page 504) for parts cost- uniform distribution lowest value 95 and highest value 115 • Figure 12.6 (page 505)- Normal distribution of demand- Mean 13,500 and standard deviation 4,000
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