Reference no: EM133088651

Question - Develop a simulation model in SPSS for a three-year financial analysis of total profit based on the following data and information. Sales volume in the first year is 100,000 units and is projected to grow at a rate that is normally distributed with a mean of 7% per year and a standard deviation of 4%. The selling price is $10 and the price increase each year is normally distributed with a mean of $0.50 and a standard deviation of $0.05 each year. Per-unit variable costs are $3, and annual fixed costs are $200,000. Per-unit variable costs are expected to increase by an amount normally distributed with a mean of 5% per a year and a standard deviation of 2%. Fixed costs are expected to increase following a normal distribution with a mean of 10% per year and a standard deviation of 3%.