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:

Better Compensation

Refers to improved salary, benefits, and other rewards that are given to employees for their work.

Expectations

The beliefs or hopes regarding what is possible or likely to happen in the future.

Mentoring

A relationship in which a more experienced or knowledgeable person helps to guide a less experienced or less knowledgeable person.

Professional Behavior

Conduct or actions that are appropriate and expected in the workplace, characterized by respect, competence, and adherence to ethical standards.