Exhibit 12

question 10

Essay

Exhibit 12.5
The following questions use the information below.
The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation.He is interested in simulating the number of customers and the amount ordered by customers each month.He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%.The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5.The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month.You have created the following spreadsheet to simulate the problem.
-The spreadsheet model for Sal,from Exhibit 12.5,has been run 300 times to produce the following output.What is the best case scenario for Sal based on this output?
$\begin{array}{|r|r|}\hline \text { Simulation Statistics } & \\\hline \text { Name } & \text { Income/Revenue } \\\hline \begin{array}{c}\text { Description } \\\end{array} & \text { Output } \\\hline \text { Cell } & \text { D21 } \\\hline \text { Minimum } & 211786.9 \\= & 2 \\\hline \text { Maximum } & 435002.7 \\= & 4 \\\hline \text { Mean= } & 4119518.9 \\&1\\\hline \text { Stcl } & 33831.4 \\ \text { Deviation= } &4 \\\hline\end{array}$

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Definitions:

Slave Trade

The historical capturing, selling, and buying of human beings for the purpose of forced and unpaid labor, particularly prevalent across the Atlantic from the 16th to the 19th centuries.

Polygyny

Refers to a form of polygamy where a man is allowed to have more than one wife at the same time.

European Economic System

Refers to the complex set of economies of European countries, often associated with the European Union's economic policies and mechanisms for fiscal stability and economic cooperation.

Slave Trade

The historical trading of enslaved Africans, primarily between the 16th and 19th centuries, to the Americas.