This paper presents the elementary mathematics behind the traditional cost-volume-profit model of the business firm in both deterministic and probabilistic forms. By a simulation process the structure could be modeled to derive a wide variety of data analysis sets for use in the classroom. The data sets can be used to aid students in applying concepts learned in the classroom. The results of four such data sets completed by students in a managerial economics course are summarized. Initial feedback indicates that students found the data sets useful. Although the examples are basic, the procedures are adaptable to complex problems. By assuming multivariate normal distributions, students can incorporate risk considerations and probability measures relating to different levels of profit into the analysis. The student can be introduced to progressively harder problems within a consistent framework. The problems used in this experiment are given in the appendix. (IS)