unit. The production cost is given by a discrete distribution that 60% the cost is about $20 per unit while 40% the cost is $35 per unit. The demand is normally distributed with mean 12000 units and standard deviation is 3500. Given 1000 simulation, find average profit of the firm. Submit the excel file.

unit. The production cost is given by a discrete distribution that 60% the cost is about $20 per unit while 40% the cost is $35 per unit. The demand is normally distributed with mean 12000 units and standard deviation is 3500. Given 1000 simulation, find average profit of the firm. Submit the excel file.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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