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    Management Science Study Set 1
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    Exam 12: Simulation
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    Estimates of the Financial Information for a New Product Show
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Estimates of the Financial Information for a New Product Show

Question 29

Question 29

Essay

Estimates of the financial information for a new product show the following information:
Estimates of the financial information for a new product show the following information:    Use the random numbers .51, .97, .58, .22, and .16 to simulate five trials. What is the net profit for each trial? Use the random numbers .51, .97, .58, .22, and .16 to simulate five trials. What is the net profit for each trial?

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