Write the brief description of the following problem
Problem- The Dee-Licious Company has developed a new jucing machine. It is expected to sell for $25.00. The variable cost is expected to be either: $5, $6, $7 or $8, with each possibility equally likely. The allocation fixed costs are $125,000. Market research suggests that annual sales will be normally distributed and a average 20,000 with a standard deviation of these sales is 4,000 units.
Part 1- Construct the random number conversation table for variable cost
Part 2- Perform a simulation to predict the average profit
Part 3- Based on simulation what is the average profit?
I want help to create the random number conversation table for variable cost.