Answer the Following Questions) Using the Analytic Solver Platform 5000

question 27

Multiple Choice

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. $$\begin{array} { | l | l | l | l | l | l | } \hline & { \text { A } } & \text { B } & \text { C } & \text { D } & \text { E } \\\hline 1 & \text { Monte Carlo Sirnulation } & & & \text { Histarical } & \\& \text { in Exarel } & && \text { Candy Sales } & \$ 264.00 \\\hline 2 & & && 50 & \$ 264.00 \\\hline 3 & \text { Data } & & & 45 & \$ 264.00 \\\hline 4 & & & & 40 & \$ 228.00 \\\hline 5 & \text { Selling price } & \$ 18.00 & & 46 & \$ 264.00 \\\hline 6 & \text { Cost } & \$ 12.00 & & 43 & \$ 255.00 \\\hline 7 & \text { Discourt price } & \$ 9.00 & & 43 & \$ 255.00 \\\hline 8 & & && 46 & \$ 264.00 \\\hline 9 & \text { Model } & & & 42 & \$ 246.00 \\\hline 10 & & && 44 & \$ 264.00 \\\hline 11 & \text { Dernand } & 44 & & 43 & \$ 255.00 \\\hline 12 & \text { Purchase Quantity } & 44 && 47 & \$ 264.00 \\\hline 13 & & && 41 & \$ 237.00 \\\hline 14 & \text { Quantity Sold } & && 41 & \$ 237.00 \\\hline 15 & \text { Surplus Quantity } & && 45 & \$ 264.00 \\\hline 16 & & && 51 & \$ 264.00 \\\hline 17 & \text { Profit } & && 43 & \$ 255.00 \\\hline 18 & & && 45 & \$ 264.00 \\\hline 19 & & && 42 & \$ 246.00 \\\hline 20 & & && 44 & \$ 264.00 \\\hline 21 & & && 48 & \$ 264.00\\\hline 21 &&&\text { Average Profit }\\\hline\end{array}$$ $\quad$
-What is the value of mode?

• A) $228
• B) $245
• C) $255
• D) $264

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Definitions:

Interest Rate

The percentage of an amount of money charged for its use over a specified period of time.

February

The second month of the year in the Julian and Gregorian calendars, usually having 28 days and 29 days in leap years.

Invest

Engaging financial resources with the forecast of producing returns or profitability.

Missing Value

A data point that is lacking or not available in a set of information or dataset.