Exhibit 12.5 The Following Questions Use the Information Below

question 34

Short Answer

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.
-What function should be used for generating random integer numbers between 2 and 8?

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Definitions:

Freight Paid

The cost incurred by a company to transport goods, often recognized as an expense in the income statement.

Operating Expense

Costs associated with the day-to-day operations of a business, excluding the cost of goods sold.

Sales

The total amount of revenue generated by the selling of goods or services.

Sales Invoice

A document issued by a seller to a buyer that lists products or services provided and states the sum due for these.