Assignment Week 6 Instructions: (Excel sheet is attached)
Read problem 6, Chapter 10, page 336. Based on the Profit Model, which you can find as an Excel file titled “Profit Model” in Week 6, answer the following questions:
The assumption is that the best production quantity to maximize average profit is 140 units. Use your analysis skills by looking at the data to determine if you, as a business decision maker, would pursue this. Explain why or why not!
What does the decision table suggest? Is this a good investment? Why or why not?
Please provide your answers in a Word document following APA guidelines and submit your work in the designated area in Week 6. Be mindful that the submission is due on Saturday!
Read Chapter 10 in your main textbook.
Read the article “Monte Carlo Simulation Definition” and watch the embedded video.
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