4. XYZ is thinking to start a new business. The setup cost is 100000, which is constant. Variable cost per unit follows uniform distribution in the range Rs 30 to Rs 40 Annual demand follows normal distribution with an average of 1000 and standard deviation of 100 and the selling price is a random factor following the distribution as
Selling Price Probability
40 0.10
41 0.20
42 0.35
43 0.25
44 0.10
Simulate his profit for 6 days and suggest him to start business or not.
4. XYZ is thinking to start a new business. The setup cost is 100000, which is constant. Variable cost per unit follows uniform distribution in the range Rs 30 to Rs 40 Annual demand follows normal distribution with an average of 1000 and standard deviation of 100 and the selling price is a random factor following the distribution as
Selling Price Probability
40 0.10
41 0.20
42 0.35
43 0.25
44 0.10
Simulate his profit for 6 days and suggest him to start business or not.
4. XYZ is thinking to start a new business. The setup cost is 100000, which is constant. Variable cost per unit follows uniform distribution in the range Rs 30 to Rs 40 Annual demand follows normal distribution with an average of 1000 and standard deviation of 100 and the selling price is a random factor following the distribution as
Selling Price Probability
40 0.10
41 0.20
42 0.35
43 0.25
44 0.10
Simulate his profit for 6 days and suggest him to start business or not.
4. XYZ is thinking to start a new business. The setup cost is 100000, which is constant. Variable cost per unit follows uniform distribution in the range Rs 30 to Rs 40 Annual demand follows normal distribution with an average of 1000 and standard deviation of 100 and the selling price is a random factor following the distribution as
Selling Price Probability
40 0.10
41 0.20
42 0.35
43 0.25
44 0.10
Simulate his profit for 6 days and suggest him to start business or not.