In: Statistics and Probability
Please Solve it ASAP.
"A company's present worth (PW) is given by the following equation: PW = -$180069 + 2.056X(Y-15) + 33180S, where X is the demand, Y is the unit price, and S is a factor that determines the salvage value. All three of these are random variables. Use simulation, like SIPMath, to simulate the present worth of BMC with 100,000 trials. Set X as a normal distribution with mean 2415 and standard deviation 119. Set Y as a triangular distribution with the minimum equal to 48, the most likely equal to 53, and the maximum equal to 56. Set S as a uniform distribution (between 0 and 1, there are no parameters). After simulating 100,000 trials, calculate the probability that the present worth is less than 0. Express your answer as a decimal between 0 and 1."