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Answer the Following Questions) Using the Analytic Solver Platform 5000

question 14

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Answer the following questions) using the Analytic Solver Platform 5000 trials per simulation; use the Latin Hypercube sampling method) .
[Hint: choose the closest value.]
Consider the spreadsheet for a Monte Carlo Simulation in Excel.  A  B  C  D  E 1 Monte Carlo Sirnulation  Histarical  in Exarel  Candy Sales $264.00250$264.003 Data 45$264.00440$228.005 Selling price $18.0046$264.006 Cost $12.0043$255.007 Discourt price $9.0043$255.00846$264.009 Model 42$246.001044$264.0011 Dernand 4443$255.0012 Purchase Quantity 4447$264.001341$237.0014 Quantity Sold 41$237.0015 Surplus Quantity 45$264.001651$264.0017 Profit 43$255.001845$264.001942$246.002044$264.002148$264.0021 Average Profit \begin{array} { | l | l | l | l | l | l | } \hline & { \text { A } } & \text { B } & \text { C } & \text { D } & \text { E } \\\hline 1 & \text { Monte Carlo Sirnulation } & & & \text { Histarical } & \\& \text { in Exarel } & && \text { Candy Sales } & \$ 264.00 \\\hline 2 & & && 50 & \$ 264.00 \\\hline 3 & \text { Data } & & & 45 & \$ 264.00 \\\hline 4 & & & & 40 & \$ 228.00 \\\hline 5 & \text { Selling price } & \$ 18.00 & & 46 & \$ 264.00 \\\hline 6 & \text { Cost } & \$ 12.00 & & 43 & \$ 255.00 \\\hline 7 & \text { Discourt price } & \$ 9.00 & & 43 & \$ 255.00 \\\hline 8 & & && 46 & \$ 264.00 \\\hline 9 & \text { Model } & & & 42 & \$ 246.00 \\\hline 10 & & && 44 & \$ 264.00 \\\hline 11 & \text { Dernand } & 44 & & 43 & \$ 255.00 \\\hline 12 & \text { Purchase Quantity } & 44 && 47 & \$ 264.00 \\\hline 13 & & && 41 & \$ 237.00 \\\hline 14 & \text { Quantity Sold } & && 41 & \$ 237.00 \\\hline 15 & \text { Surplus Quantity } & && 45 & \$ 264.00 \\\hline 16 & & && 51 & \$ 264.00 \\\hline 17 & \text { Profit } & && 43 & \$ 255.00 \\\hline 18 & & && 45 & \$ 264.00 \\\hline 19 & & && 42 & \$ 246.00 \\\hline 20 & & && 44 & \$ 264.00 \\\hline 21 & & && 48 & \$ 264.00\\\hline 21 &&&\text { Average Profit }\\\hline\end{array} \quad
-Which of the following cells is defined as the uncertain function cell?

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Definitions:

Monthly Interest Rate

The interest rate applied to a loan or debt for one month, often used to calculate the monthly interest payment.

Variable Cost

Costs that vary directly with the level of production or the volume of services provided.

Inventories

The raw materials, work-in-process products, and finished goods that a company holds for the purpose of sale in the near future.

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